Portnoy Law: Lawsuit Filed On Behalf of Facebook, Inc. Investors

Click   here   to join the case

Investors are encouraged to contact attorney Lesley F. Portnoy , to determine eligibility to participate in this action, by phone 310-692-8883 or email , or click here to join the case.

It is alleged in this complaint that Facebook made misleading and false statements to the market. Facebook misled the market in regard to its user growth. Facebook knew or should have known that a considerable portion of its purported growth originated from duplicate accounts represented, and failed to disclose the implications of duplicate accounts on its revenue growth and business. Facebook failed to maintain a fair platform for all users, including protecting high-profile users with the "Cross Check/XCheck" system. Facebook failed to take effective action against bad actors on its platform such as human traffickers, drug cartels, and violent criminals. Facebook's public statements were materially misleading and false, based on these facts. Investors suffered damages when the market learned the truth about Facebook.

Please visit our website to review more information and submit your transaction information.

The Portnoy Law Firm represents investors in pursuing claims arising from corporate wrongdoing. The Firm's founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes.

Lesley F. Portnoy, Esq.
Admitted CA and NY Bar
lesley@portnoylaw.com
310-692-8883
www.portnoylaw.com

Attorney Advertising


Primary Logo

News Provided by GlobeNewswire via QuoteMedia

The Conversation (0)

Our Approach to Clean and Renewable Energy

At Meta, we work to design, build and operate some of the most innovative and sustainable data centers in the world. They provide the technology that billions of people use every day to connect and build community. Ensuring these world-class data centers are supported by clean and renewable energy is foundational to our approach. We recognize that adding new energy to the grid is important, not only because of our scale and scope as a company, but because we want to play a positive role in the communities in which we operate

Since 2020, we have matched 100% of our annual electricity use with new renewable energy and have a long history of partnering with utilities and renewable developers to bring new wind and solar energy projects to grids where we operate. As a voluntary buyer of renewable energy, we prioritize supporting high quality, innovative clean and renewable energy projects around the globe, which is key to maintaining net zero emissions for our operations.

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less

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

Latest Press Releases

Related News

×