SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces the Commencement of an Investigation Involving Possible Securities Fraud Violations by the Board of Directors of Snap Inc.

NEW YORK--()--Levi & Korsinsky announces it has commenced an investigation of Snap Inc. (NYSE: SNAP) concerning possible violations of federal securities laws.

On March 2, 2017, Snap sold 200 million shares of stock in its initial public stock offering. That same day, Snap’s stock traded as high as $26.05. On May 10, 2017, Snap released its earnings report and revealed a quarterly loss of $2.2 billion. The loss includes $2 billion in stock-based compensation expenses related to its initial public offering. Following this news, shares of Snap are down more than 22% on intraday trading on May 11, 2017. To obtain additional information, go to:

http://zlk.9nl.com/snap

or contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972.

Levi & Korsinsky is a national firm with offices in New York, California, Connecticut and Washington D.C. The firm’s attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes.

Contacts

Levi & Korsinsky, LLP
Eduard Korsinsky, Esq., 212-363-7500
Toll Free: 877-363-5972
Fax: 212-363-7171
www.zlk.com

Release Summary

Levi & Korsinsky announces it has commenced an investigation of Snap Inc. (NYSE: SNAP) concerning possible violations of federal securities laws.

Contacts

Levi & Korsinsky, LLP
Eduard Korsinsky, Esq., 212-363-7500
Toll Free: 877-363-5972
Fax: 212-363-7171
www.zlk.com