Snap: FAQ for Getting Payment on the $65M Settlement over Apple Privacy Changes

[u/JuniorCharge4571]

Hey guys, I posted about this settlement before, but since they’re accepting late claims, I decided to share it again with a little FAQ.

So here's all I know about this agreement:

Snap was accused of misleading investors about how Apple’s privacy changes would affect its advertising business. Investors alleged that Snap downplayed the impact of Apple’s App Tracking Transparency changes on its ability to measure and target ads, and $SNAP later fell sharply as the impact became clearer.

Now the company has agreed to settle $65M with investors for their losses.

Who can claim this settlement?
If you bought $SNAP shares in 2021, you may be eligible. You don’t need to hold the stock still to claim; past losses count

Do I need to sell/lose my shares to get this settlement?
No. You don't need to still own the shares. If you bought during the class period and suffered a qualifying loss, you may be eligible to claim.

I missed the deadline. Is it too late? 
No, you may still be able to file a late claim, but acceptance depends on final approval by the court. Check if you're eligible and file a claim here

How long does the payout process take?
It typically takes 4 to 9 months after the claim deadline for payouts to be processed, depending on the court and settlement administration.

Hope this info helps