Core Viewpoint - The upcoming litigation against major social media companies, including Snap Inc., Meta Platforms, ByteDance, and Alphabet, centers on allegations that these platforms intentionally designed their services to be addictive, leading to severe mental health issues among youth, such as depression and anxiety [2][5][10] Group 1: Legal Proceedings - Thousands of lawsuits have been consolidated into two major proceedings, one in state court and another in federal court, aimed at streamlining the pretrial discovery process [4][9] - The first bellwether trial is set to begin in late January in Los Angeles, involving a case of a 19-year-old woman claiming addiction to social media has caused her mental health issues [5][15] - The litigation has faced challenges, including attempts by social media companies to dismiss cases based on Section 230 of the Communications Decency Act, which has largely been unsuccessful [3][4] Group 2: Evidence and Expert Testimony - The pretrial discovery process has yielded over six million documents and 150 depositions, including testimonies from high-profile executives like Meta's Mark Zuckerberg [11] - The defendants attempted to exclude expert witnesses from testifying, but most were allowed to proceed, indicating the strength of the plaintiffs' case [12] - The companies have argued that the plaintiffs lack sufficient evidence to prove a direct link between social media use and mental health harms [13] Group 3: Comparisons to Other Industries - Legal experts draw parallels between the current social media litigation and past cases against tobacco companies, suggesting that social media firms may have similarly targeted vulnerable populations for profit [6][7] - The litigation is seen as a significant challenge to the social media industry, with potential for substantial financial settlements akin to those seen in tobacco and opioid cases [5][10] Group 4: Company Responses - Social media companies, including Meta and YouTube, have publicly denied the allegations, emphasizing their safety measures and the nature of their platforms [14] - Snap and TikTok did not provide comments regarding the ongoing litigation [15]

Core Viewpoint - A class action securities lawsuit has been filed against Snap Inc. for alleged securities fraud affecting investors between April 29, 2025, and August 5, 2025 [1][2]. Group 1: Lawsuit Details - The lawsuit claims that Snap provided misleading positive statements while concealing significant declines in advertising revenue growth, which fell from 9% in Q1 to only 1% in April 2025 [2]. - Following the announcement of second-quarter financial results on August 5, 2025, Snap reported a deceleration in advertising revenue growth, attributing it to issues with their ad platform and other factors [2]. - Snap's stock price dropped from $9.39 per share on August 5, 2025, to $7.78 per share on August 6, 2025, marking a decline of approximately 17.15% in one day [2]. Group 2: Next Steps for Investors - Investors who suffered losses during the specified timeframe have until October 20, 2025, to request appointment as lead plaintiff, although participation does not require this role [3]. - Class members may be entitled to compensation without any out-of-pocket costs or fees [3]. Group 3: Firm Background - Levi & Korsinsky has a history of securing hundreds of millions of dollars for shareholders and is recognized as one of the top securities litigation firms in the United States [4].

Core Viewpoint - The ongoing litigation against major social media companies, including Snap Inc., Meta Platforms, ByteDance, and Alphabet, is centered on allegations that these platforms knowingly designed their services to be addictive, leading to severe mental health issues among youth, such as anxiety, depression, and self-harm. This legal battle could result in significant financial settlements and alter the interaction of minors with social media platforms [1][4][5]. Group 1: Legal Proceedings - The lawsuits have been consolidated into two multijurisdictional proceedings, one in state court and the other in federal court, to facilitate the pretrial discovery process [2][5]. - The first bellwether trial is set to commence in Los Angeles Superior Court in late January, involving a 19-year-old plaintiff who claims her social media addiction has led to various mental health issues [4][5]. - If the plaintiffs succeed, the outcomes could lead to multibillion-dollar settlements, similar to those seen in tobacco and opioid litigation [4][5]. Group 2: Impact on Social Media Companies - The litigation poses a significant threat to the future of major social media companies, as thousands of complaints and millions of pages of internal documents are expected to be presented in court [5]. - The legal challenges have largely overcome the protections offered by Section 230 of the Communications Decency Act, which previously shielded social media platforms from user-harm lawsuits [1][2][5]. - The attorney involved in the case emphasized that this litigation could be one of the most impactful of the current era, highlighting the targeting of vulnerable populations, particularly children, by large corporations for profit [5].

Core Viewpoint - A class action lawsuit has been filed against Snap, Inc. for allegedly providing misleading statements regarding its advertising revenue growth, leading to significant losses for investors during the specified class period [8]. Allegation Details - The lawsuit claims that Snap's management made overly positive statements while concealing material adverse facts about the company's advertising revenue growth rate, which dropped from 9% in Q1 to only 1% in April [8]. - Snap's financial results announced on August 5, 2025, revealed a deceleration in advertising revenue growth, attributed to issues with their ad platform and other factors [8]. Stock Price Impact - Following the announcement of disappointing financial results, Snap's stock price fell from $9.39 per share on August 5, 2025, to $7.78 per share on August 6, 2025, marking a decline of approximately 17.15% in one day [8].

Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Snap Inc. regarding a class action lawsuit due to misleading statements about the company's advertising revenue growth, which significantly declined from 9% to 1% during the specified period [1]. Summary by Sections Allegations - The complaint alleges that Snap Inc. provided overly positive statements while concealing material adverse facts about its advertising revenue growth rate, which fell sharply due to execution failures [1]. Financial Impact - On August 5, 2025, Snap announced a deceleration in advertising revenue growth, attributing it to issues with its ad platform and other factors. Following this announcement, Snap's stock price dropped from $9.39 to $7.78, a decline of approximately 17.15% in one day [1]. Class Action Details - Shareholders who purchased shares of Snap during the class period from April 29, 2025, to August 5, 2025, are encouraged to register for the class action. The deadline for seeking lead plaintiff status is October 20, 2025 [2].

Service Disruption - Major online platforms experienced outages, impacting user accessibility [1] - Financial services platforms also reported disruptions, potentially affecting trading and transactions [1] Affected Companies - Facebook, Snapchat, Amazon, and Roblox were among the major sites experiencing downtime [1] - Coinbase, Robinhood, and Venmo, key players in financial services, reported disruptions [1]

Core Insights - The stock market is experiencing a bullish trend in Q4 2025, with several investment opportunities under $10 that may offer attractive entry points based on valuation [1] - Companies highlighted include Ambev S.A. and Snap, both of which have solid fundamentals despite their low share prices [2][6] Ambev S.A. (NYSE: ABEV) - Ambev is trading around $2 per share and is considered a defensive favorite in a volatile economy, supported by steady profit margins and a low debt balance sheet [2][3] - The company reported a 7.5% increase in quarterly profit, although overall volumes declined due to currency challenges and cost pressures [3] - Analysts estimate ABEV is trading 25% to 30% below its fair value, with profit margins and cash flow metrics outperforming many global beverage peers [3] - ABEV's stock was up 0.90% at $2.25, marking a year-to-date gain of 21% [4] Snap (NYSE: SNAP) - Snap is currently trading just under $10 and has faced challenges since its post-pandemic highs, but management's focus on monetization and AI-driven ad tools is yielding positive results [6][7] - The company reported $1.3 billion in revenue for the most recent quarter, a 16% year-over-year increase, while also narrowing its losses through cost-cutting measures [7] - Snap's Monthly Active Users reached 932 million, which could support revenue growth, especially with increased advertising spending during the holiday season [8] - Despite a nearly 30% decline year-to-date, trading at $7.65, improving fundamentals may present a turnaround opportunity for investors [8]

Core Viewpoint - A class action lawsuit has been filed against Snap, Inc. for allegedly providing misleading statements regarding its advertising revenue growth, leading to significant losses for investors during the specified period [8]. Allegation Details - The lawsuit claims that Snap's management made overly positive statements while concealing material adverse facts about the company's advertising revenue growth rate, which dropped from 9% in Q1 to only 1% in April [8]. - Snap's financial results announced on August 5, 2025, revealed a deceleration in advertising revenue growth, attributed to issues with their ad platform and other factors [8]. Stock Performance Impact - Following the announcement of disappointing financial results, Snap's stock price fell from $9.39 per share on August 5, 2025, to $7.78 per share on August 6, 2025, marking a decline of approximately 17.15% in one day [8]. Next Steps for Investors - Investors who purchased Snap shares between April 29, 2025, and August 5, 2025, and suffered losses are encouraged to contact the law firm Bragar Eagel & Squire for potential legal recourse [4][8]. - The deadline for investors to apply to be appointed as lead plaintiff in the lawsuit is October 20, 2025 [8]. About the Law Firm - Bragar Eagel & Squire, P.C. is a nationally recognized law firm that represents individual and institutional investors in complex litigation across the United States [5].

Core Viewpoint - Rosen Law Firm is reminding investors who purchased Snap Inc. securities between April 29, 2025, and August 5, 2025, of the upcoming lead plaintiff deadline on October 20, 2025, for a class action lawsuit [1]. Group 1: Class Action Details - Investors who bought Snap securities during the specified Class Period may be eligible for compensation without any out-of-pocket fees through a contingency fee arrangement [1]. - A class action lawsuit has already been filed, and those wishing to serve as lead plaintiff must act by October 20, 2025 [2]. - The lawsuit alleges that Snap's management misrepresented the company's advertising revenue and growth potential, leading to investor losses when the true situation was revealed [4]. Group 2: Rosen Law Firm's Credentials - Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a successful track record in securities class actions [3]. - The firm has achieved significant settlements, including the largest securities class action settlement against a Chinese company at the time, and has consistently ranked highly in securities class action settlements since 2013 [3]. - In 2019, the firm secured over $438 million for investors, showcasing its capability in recovering substantial amounts for its clients [3].

Core Viewpoint - A class action lawsuit has been filed against Snap Inc. on behalf of shareholders who purchased securities during the specified class period from April 29, 2025, to August 5, 2025 [1] Group 1: Company Overview - Snap Inc. is a technology company primarily recognized for its social media platform, Snapchat [1] Group 2: Legal Proceedings - The Rosen Law Firm is investigating allegations related to the class action lawsuit filed against Snap Inc. [1]