The Law Offices of Vincent Wong announce that a class action lawsuit has been commenced in the United States District Court for the Northern District of California on behalf of investors who purchased Facebook, Inc. (NASDAQ: FB) securities between April 26, 2018 and July 25, 2018.
According to the FB lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (1) the number of daily and monthly active Facebook users was declining; (2) due to unfavorable currency conditions and plans to promote and grow features of Facebook’s social media platform with historically lower levels of monetization, Facebook anticipated its revenue growth to slow and its operating margins to fall; and (3) as a result, Facebook’s public statements were materially false and misleading at all relevant times.
"Facebook, Inc."
If you suffered a loss in Facebook, Inc. you have until September 25, 2018 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
To receive more information, please fill out the form.