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Snap said it believes government regulators are investigating issues related to a class-action lawsuit in which shareholders allege that the company misled investors by downplaying the negative effects Instagram had on its business.
Written by Hamza Shaban
This news first appeared on https://www.washingtonpost.com/technology/the-switch/the-justice-department-and-the-sec-subpoena-snap/2018/11/14/3957545b-7c50-4a14-bb77-481b5a61e74d_story.html?noredirect=on under the title “Justice Department and SEC subpoena Snap”. Bolchha Nepal is not responsible or affiliated towards the opinion expressed in this news article.
