Snap Class Action

Shareholders <strong><a href="http://www.courthousenews.com/wp-content/uploads/2017/05/Snap.pdf">claim</a> </strong>in a federal class action that<strong> </strong>Snap fka Snapchat shares fell from $22.98 to $18.05 on May 11, the day after it announced it had “only 44 million more” users than the year before, and that on May 16, when a former employee filed a <a href="http://www.courthousenews.com/fired-exec-says-snapchat-is-deceiving-investors/">whistleblower</a> complaint, Snap’s share price fell 2 cents more.

LOS ANGELES — Shareholders claim** in a federal class action that** ** Snap fka Snapchat shares fell from $22.98 to $18.05 on May 11, the day after it announced it had “only 44 million more” users than the year before, and that on May 16, when a former employee filed a whistleblower complaint, Snap’s share price fell 2 cents more.

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