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Join the Securities Litigation and Enforcement Group on LinkedInSnap subpoenaed by Justice Department over its IPO disclosures
The U.S. Justice Department and Securities and Exchange Commission have subpoenaed Snap for information about its March 2017 initial public offering, the social media app maker told Reuters on Tuesday. via Snap subpoenaed by Justice Department over its IPO disclosures.
Snap Inc. Hit With Securities Class Action Alleging Inflated Growth — NewsMax
The suit notes that Snap’s stock price plunged $4.93, or 21.45%, after its first quarterly report last week showed disappointing user growth. The suit also cites the claims of Anthony Pompliano, a former growth lead for Snapchat, who has filed his own lawsuit alleging that the company was using inflated metrics during his brief tenure […]
Snapchat: The New Way to Tell Everyone that “Blue Horseshoe Loves Anacott Steel” – Compliance Week
Frankly, I’m a little disappointed that I didn’t figure this angle out on my own, given (a) the amount of time I spend writing about insider trading, and (b) the fact that I have two teenagers actively using Snapchat, but hey, better late than never. This morning, the Daily Intelligencer reports, CNBC’s Jim Cramer asked […]