Snapchat app. Photo: Diego M. Radzinschi/ALM Snap Slapped With Suit Claiming Concealed Ad Revenue Drop and Insider Trading
The complaint, filed Wednesday by Bielli & Klauder and Levi & Korsinsky, says California-based Snap's higher-ups were aware of the negative impact changes to Apple's data privacy standards would have on advertising revenue well before the public was made aware.
April 07, 2022 at 04:56 PM
2 minute read
Technology Media and Telecom
Snap Inc. is facing a federal securities lawsuit in the District of Delaware by a shareholder who claims nine of the company's directors and officers made more than $1 billion selling artificially inflated stock.
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