FB EQUITY ALERT: ROSEN, NATIONAL TRIAL LAWYERS, Encourages Facebook, Inc. Investors with Losses to Inquire About Class Action Investigation - FB

-

WHY: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Facebook, Inc. (NASDAQ: FB) resulting from allegations that Facebook may have issued materially misleading business information to the investing public.

SO WHAT: If you purchased Facebook securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law firm is preparing a class action seeking recovery of investor losses.

WHAT TO DO NEXT: To join the prospective class action, go to https://www.rosenlegal.com/cases-register-2176.html or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

WHAT IS THIS ABOUT: Between September 13, 2021 and October 3, 2021, The Wall Street Journal released a series of nine articles alleging that Facebook had been misleading investors regarding its business operations. The allegations were based on internal documents provided by a whistleblower. On October 4, 2021, CBS's segment 60 Minutes spoke with the whistleblower and published the whistleblower's SEC whistleblower complaints.

Among the numerous allegations, the internal documents show that: (1) Facebook misrepresented its user growth; (2) Facebook knew, or should have known, that duplicate accounts represented a greater portion of its growth than stated, and it should have provided more detailed disclosures as to the implication of duplicate accounts to Facebook's user base and growth; (3) Facebook did not provide a fair platform for speech, and regularly protected high profile users via its Cross Check/XCheck system; (4) despite being aware of their use of Facebook's platforms, the Company failed to respond meaningfully to drug cartels, human traffickers, and violent organizations; and (5) Facebook has been working to attract preteens to its platform and services.

From the first WSJ article published on September 13, 2021, to the final disclosure on October 4, 2021, Facebook share prices fell by $55.45, or over 14%, damaging investors.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm , on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/ .

Attorney Advertising. Prior results do not guarantee a similar outcome.

-------------------------------

Contact Information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
cases@rosenlegal.com
www.rosenlegal.com


Primary Logo

News Provided by GlobeNewswire via QuoteMedia

The Conversation (0)

Growing Our Commitment to Carbon Removal With the U.S. Department of Energy

Meta

Meta is pledging to contract at least $35 million for carbon removal projects in the coming year as part of our goal to achieve net zero emissions across our value chain in 2030. This is a direct response to the Carbon Dioxide Removal Purchasing Challenge presented by the U.S. Department of Energy (DOE), which calls for companies to help catalyze carbon removal at gigaton scales in the coming decades. Our pledge matches DOE's own commitment to advance technologies that remove carbon dioxide directly from the atmosphere.

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less

How Our Llama Grant Recipients Are Tackling Global Issues

MetaTakeaways

  • Today, we're excited to announce the recipients of the 2023 Llama Impact Grants, who will be awarded $500,000 each to support their use of AI to address pressing social issues.

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less

Meta at UNGA 2024

Meta

Takeaways

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less

Apple extends its privacy leadership with new updates across its platforms

Private Cloud Compute sets a new standard for privacy in artificial intelligence

Apple® today announced new updates across its platforms that help empower users and keep them in control of their data. Private Cloud Compute extends the industry-leading protections of iPhone® to the cloud, so that users don't have to choose between powerful intelligence grounded in their personal context and strong privacy protections. Apple also raised the bar for privacy with new features, such as locked and hidden apps, aimed at helping users protect sensitive areas of their phones. Apple introduced additional features designed with privacy and security in mind, including categorization in Mail, Messages via satellite, and presenter preview.

News Provided by Business Wire via QuoteMedia

Keep reading...Show less

Apple empowers developers and fuels innovation with new tools and resources

Enhancements to Xcode and Swift, combined with new APIs, offer developers expanded capabilities for creating high-quality apps

Apple® today unveiled a suite of innovative new tools and resources designed to enable developers worldwide to create more powerful and efficient apps across all Apple platforms. With Xcode® 16, developers can save time in their development process and get more done thanks to features like Swift® Assist and predictive code completion. New and expanded APIs give developers the tools to advance their apps and introduce exciting features.

News Provided by Business Wire via QuoteMedia

Keep reading...Show less

iPadOS 18 introduces powerful new intelligence features and apps designed for Apple Pencil

iPadOS 18 takes iPad to the next level with Apple Intelligence, the introduction of Calculator with Math Notes, new handwriting tools in Notes, additional ways to customize iPad, and more

Apple ® today previewed iPadOS ® 18, a major release that enhances the iPad ® experience, making it more versatile and intelligent than ever. With iPadOS 18, Calculator comes to iPad with Math Notes, along with new handwriting tools in Notes — all designed for Apple Pencil ® . iPad users now have more ways to customize the Home Screen and Control Center, and with iPadOS 18, users receive the biggest redesign of the Photos app to date and new ways to express themselves in Messages.

News Provided by Business Wire via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×