Emerging Technology

Shareholders with $100,000 losses or more are encouraged to contact the firm.

Law Offices of Howard G. Smith announces that a class action lawsuit has been filed on behalf of investors who purchased Meta Platforms, Inc. ("Meta" or the "Company") (NASDAQ: FB ) securities between March 2, 2021 and February 2, 2022 , inclusive (the "Class Period"). Meta investors have until May 9, 2022 to file a lead plaintiff motion.

Investors suffering losses on their Meta investments are encouraged to contact the Law Offices of Howard G. Smith to discuss their legal rights in this class action at 888-638-4847 or by email to howardsmith@howardsmithlaw.com .

On July 28, 2021, Meta held a conference call to discuss its second quarter 2021 financial results, during which Chief Financial Officer, David Wehner, stated that the Company "continue[s] to expect increased ad targeting headwinds in 2021 from regulatory and platform changes, notably the recent iOS updates, which we expect to have a more significant impact in the third quarter compared to the second quarter."

On this news, the Company's stock price fell $14.96 to close at $358.32 per share on July 29, 2021.

Then, on October 25, 2021, Meta held a conference call to discuss its third quarter 2021 financial results, during which management stated that the iOS changes led to two challenges: "One is that the accuracy of our ads targeting decreased, which decreased the cost of driving outcomes for our advertisers. And the other is that measuring those outcomes became more difficult."

On this news, the Company's stock price fell $12.88 to close at $315.81 per share on October 26, 2021.

Then, on February 2, 2022, after the market closed, Meta announced disappointing fourth quarter 2021 financial results, including earnings per share of $3.67, below estimates of $3.84 earnings per share. The Company also expected first quarter 2022 revenue between $27 billion and $29 billion, below analysts' expectations of $30.25 billion. During a related earnings call, the Company disclosed that Apple's iOS privacy changes had negatively impacted Meta's advertising business.

On this news, the Company's stock price fell $85.24, or 26.4%, to close at $237.76 per share on February 3, 2022, thereby injuring investors.

The complaint alleges that defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) Apple's iOS privacy changes were having a material impact on Meta's ability to provide the kind of targeted advertising that its customers wanted and, as a result, customer ad spending was dropping precipitously; (2) Meta's mitigation efforts were either not properly implemented or ineffective; (3) measurement of ads was not accurate as mitigation efforts were failing; and (4) Meta did not have a plan in place to properly address the impact of the iOS privacy changes; and (5) as a result of the foregoing, Defendants' public statements were materially false and misleading at all relevant times.

If you purchased Meta securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020, by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com , or visit our website at www.howardsmithlaw.com .

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Law Offices of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847
888-638-4847
howardsmith@howardsmithlaw.com
www.howardsmithlaw.com

News Provided by Business Wire via QuoteMedia

FB
Green Technology Metals

Drilling Commences At Second Key Lithium Project In Ontario

Green Technology Metals Limited (ASX: GT1) (GT1 or the Company) is pleased to advise that drilling has commenced at its Root Project, located approximately 200 km west-north-west of GT1’s flagship Seymour Project. Drilling is initially focussed on the McCombe LCT pegmatite.

Keep reading...Show less
FireFox Gold Provides an Exploration Update on its Sarvi and Mustajärvi Projects, Lapland, Finland

FireFox Gold Provides an Exploration Update on its Sarvi and Mustajärvi Projects, Lapland, Finland

FireFox Gold Corp. (TSXV:FFOX) (OTCQB:FFOXF) ("FireFox" or the "Company") is pleased to provide an update on exploration at its 100%-controlled Sarvi and Mustajärvi gold projects in Lapland, Finland. FireFox has drilled approximately 8,319m of diamond core to date in the 2021-2022 drill program on the Jeesiö, Mustajärvi, and Sarvi Projects, including the first 12 holes at Sarvi. This release includes a summary of drill results from the first five widely spaced holes across the northern section of the Sarvi target area (See Figure 1: https:bit.ly3MU7CQR

This program also includes new drilling at the Mustajärvi Project, where possible extensions to the high-grade shear-zone-hosted gold mineralization have been tested at the East Target and Gabbro Target. The new drilling includes 10 holes, five holes at the East Target and five holes at the Gabbro Target. Results are pending for all of these recent holes.

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
dgtl

DGTL Holdings Inc. Builds Strong Portfolio in Digital Media, Martech

NetworkNewsAudio DGTL Holdings Inc. (TSX.V: DGTL) (OTCQB: DGTHF) announces the availability of a broadcast titled, "Parabolic Growth Curve in Digital Media, Martech Sector Has Tech SPACS and Small Caps Booming."

To hear the AudioPressRelease, please visit: The NetworkNewsAudio News Podcast

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
CSE:LXX

Lexaria Provides Strategic Update from CEO

Lexaria Bioscience Corp. (OTCQX:LXRP, CSE:LXX) (the “Company” or “Lexaria”), a global innovator in drug delivery platforms, announces the following strategic update. (This is a shortened version of the full Strategic Update from the CEO. For the full version, please go to www.lexariabioscience.com/news/)

“Lexaria’s brightest days lie in the future, not in the past,” said Chris Bunka, Chief Executive Officer of Lexaria Bioscience Corp. Lexaria achieved many things during 2019 – indeed, management feels that it achieved virtually all that it had set out to accomplish and it was its best year ever from an operational perspective. Market forces caused a retreat in valuations across the sector to the point where Mr. Bunka commented that “It is my own opinion that Lexaria shares are dramatically undervalued – more so today than at any time in our history.”

Keep reading...Show less
CSE:LXX

Lexaria’s Appoints Former Altria Group Senior Executive and Operating Company Chief to Board of Directors

Lexaria Bioscience Corp. (OTCQX:LXRP) (CSE:LXX) (the “Company” or “Lexaria”), a global innovator in drug delivery platforms, is pleased to announce the appointment of Mr. Brian Quigley to its board of directors. Mr. Quigley most recently spent 16 years at Altria Group, with 7 of those years spent as President and Chief Executive Officer for U.S. Smokeless Tobacco and Nu-Mark, Altria’s innovation company, during the time that the existing business relationship between Altria and Lexaria was negotiated.

Mr. Quigley is a 20-year Consumer Packaged Goods veteran of managing complex regulatory environments including for novel and innovative nicotine products, with additional deep experience with operations and marketing. In his time at Altria, Mr. Quigley spearheaded harm reduction strategies and worked to deliver results by creating change in the tobacco business in North America. Mr. Quigley has launched dozens of new products, created consumer-focused innovation strategies, and built businesses and cultures that deliver results.

Keep reading...Show less

BlackBerry SecuSUITE Expands Secure Communications Partner Network in Asia Pacific

New partners in Australia and South-East Asia offer BlackBerry's anti-eavesdropping technology to protect real-time communications for customers across the region

BlackBerry Limited (NYSE: BB; TSX: BB) announced today it is expanding its global footprint of BlackBerry® SecuSUITE® partners in Asia Pacific with three new highly-specialized companies certified and trained to deliver the highly-secure software for governments and enterprises. The partners offering SecuSUITE include global counter-intelligence experts, NSI Global and security and risk specialists Praesidum Group (PRR), both based in Australia plus Teletrol-One in Thailand .

News Provided by PR Newswire via QuoteMedia

Keep reading...Show less

Emergency SOS via Satellite Available Today on the iPhone 14 Lineup in the US and Canada

iPhone 14 users can now connect with emergency services when cellular and Wi-Fi coverage are not available; the service extends to France, Germany, Ireland, and the UK in December

Apple® today announced its groundbreaking safety service Emergency SOS via satellite is now available to customers in the US and Canada. Available on all iPhone® 14 models, the innovative technology enables users to message with emergency services while outside of cellular and Wi-Fi coverage. Additionally, if users want to reassure friends and family of their whereabouts while traveling off the grid, they can now open the Find My™ app and share their location via satellite. Emergency SOS via satellite is available in the US and Canada starting today, November 15, and will come to France, Germany, Ireland, and the UK in December.

News Provided by Business Wire via QuoteMedia

Keep reading...Show less

Purpose Investments Files Preliminary Prospectus for the First Yield-Focused Single-Stock ETFs

Purpose Investments Inc. ("Purpose Investments") has filed and been receipted for a preliminary prospectus by the Canadian securities regulators in connection with the proposed launch of the first yield-focused single-stock ETFs (as outlined below) (collectively, the "ETFs" or "Purpose Yield Shares").

ETF Names Underlying Issuer Security
Apple (AAPL) Yield Shares Apple Inc. Common stock
Amazon (AMZ) Yield Shares Amazon.com Inc. Common stock
Tesla (TSLA) Yield Shares Tesla Inc. Common stock
Berkshire Hathaway (BRK) Yield Shares Berkshire Hathaway Inc. Class A common stock, Class B common stock
Alphabet (GOOGL) Yield Shares Alphabet Inc. Class A common stock, Class C capital stock
Microsoft (MSFT) Yield Shares Microsoft Corporation Common stock
Exxon Mobil (XOM) Yield Shares Exxon Mobil Corporation Common stock
JPMorgan Chase (JPM) Yield Shares JPMorgan Chase & Co. Common stock
Johnson & Johnson (JNJ) Yield Shares Johnson & Johnson Inc. Common stock
UnitedHealth Group (UNH) Yield Shares UnitedHealth Group Incorporated Common stock

Each of the ETFs will seek to provide unitholders with (a) long-term capital appreciation through purchasing and holding Securities (outlined above) of an Underlying Issuer, including by using modest leverage through cash borrowing to purchase Securities and (b) distributions by writing covered call options and/or cash covered put options on a portion of the ETF's portfolio. Each of the ETFs will hedge substantially all of its U.S. dollar currency exposure with respect to its units back to the Canadian dollar.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less

Sierra Wireless Reports Third Quarter 2022 Results

Revenue in Q3'22 was $166.1 million and Adjusted EBITDA was $15.4 million

Sierra Wireless, Inc. (NASDAQ: SWIR) (TSX: SW) reported results for its third quarter of 2022. All results are reported in U.S. dollars and are prepared in accordance with U.S. generally accepted accounting principles ("U.S. GAAP" or "GAAP"), except as otherwise indicated below. 1

News Provided by Business Wire via QuoteMedia

Keep reading...Show less

Update on Supply of iPhone 14 Pro and iPhone 14 Pro Max

COVID-19 restrictions have temporarily impacted the primary iPhone® 14 Pro and iPhone 14 Pro Max assembly facility located in Zhengzhou, China. The facility is currently operating at significantly reduced capacity. As we have done throughout the COVID-19 pandemic, we are prioritizing the health and safety of the workers in our supply chain.

We continue to see strong demand for iPhone 14 Pro and iPhone 14 Pro Max models. However, we now expect lower iPhone 14 Pro and iPhone 14 Pro Max shipments than we previously anticipated and customers will experience longer wait times to receive their new products.

News Provided by Business Wire via QuoteMedia

Keep reading...Show less

Apple Reports Fourth Quarter Results

September quarter record for Revenue and EPS

Active installed base of devices reaches all-time high for all major product categories

News Provided by Business Wire via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×