NYSE:SNAPInteractive Media and Services
Shareholder Class Action Filed Against Snap (SNAP) Over Advertising Revenue Growth Misstatements
Snap (SNAP) faced a challenging week as it was hit with a shareholder class action lawsuit alleging misleading statements concerning its advertising revenue growth. This development came at a time when broader markets reacted favorably to Federal Reserve Chair Jerome Powell's indication of potential interest rate cuts. Despite these mixed influences, Snap's share price remained relatively flat over the week, consistent with the broader market movements. While the lawsuit might have added some...