SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Announces Investigation of Snap Inc. (SNAP)
NEW YORK, May 11, 2017 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Snap Inc. ("Snap" or the "Company") (NYSE: SNAP). Such investors are encouraged to obtain additional information and assist the investigation by visiting the firm's site: www.bgandg.com/snap.
The investigation concerns whether Snap and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.
On May 10, 2017, after-market hours, Snap revealed its first quarterly report as a public company, divulging disappointing user growth at its Snapchat messaging platform. For the quarter, Snap reported 166 million daily users, only 8 million more than in the previous period and only 44 million more than the same period in the prior year—Snapchat's slowest year-to-year growth rate in at least two years. Following this news, Snap stock has dropped as much as $5.73 per share, or 24.57%, during intraday trading on May 11, 2017.
If you are aware of any facts relating to this investigation, or purchased shares of Snap, you can assist this investigation by visiting the firm's site: www.bgandg.com/snap. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | [email protected]
SOURCE Bronstein, Gewirtz & Grossman, LLC
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