SNAP LEAD PLAINTIFF DEADLINE ALERT: Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses Exceeding $500,000 In Snap Inc. To Contact The Firm

NEW YORK, May 22, 2017

If you invested in Snap stock or options pursuant to the Company's IPO and/or throughout the Class Period and would like to discuss your legal rights, click here: www.faruqilaw.com/SNAP.  There is no cost or obligation to you.

You can also contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to rgonnello@faruqilaw.com. 

CONTACT:
FARUQI & FARUQI, LLP
685 Third Avenue, 26^th Floor
New York, NY 10017
Attn:  Richard Gonnello, Esq.
rgonnello@faruqilaw.com
Telephone: (877) 247-4292 or (212) 983-9330

The lawsuit has been filed in the U.S. District Court for the Central District of California on behalf of all those who purchased Snap securities pursuant to the Company's initial public offering on or about March 2, 2017 (the "IPO") and/or on the open market between March 2, 2017 and May 15, 2017 (the "Class Period").  The case, Erickson v. SNAP, INC. et al, No. 2:17-cv-03679 was filed on May 16, 2017.

The lawsuit focuses on whether the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: (i) Snap's reported user growth was materially false and misleading; and (ii) as a result, Snap's public statements were materially false and misleading.

Specifically, after market on May 10, 2017, Snap released its first quarterly report as a public company. In the Company's report it disclosed dismal user growth regarding the Company's Snapchat messaging platform.  On this news, Snap's share price fell from $22.98 per share on May 10, 2017 to a closing price of $18.05 on May 11, 2017—a $4.93 or a 21.45% drop.