FB INVESTOR ALERT: Thornton Law Firm Reminds Meta Platforms, Inc. f/k/a Facebook, Inc. Investors of a Securities Class Action Lawsuit

The Thornton Law Firm alerts investors that a class action lawsuit has been filed on behalf of investors of Meta Platforms, Inc. fka Facebook, Inc. (NASDAQ:FB). The case is currently in the lead plaintiff stage. Investors who purchased FB securities on or after November 3, 2016 may contact the Thornton Law Firm's investor protection team by visiting www.tenlaw.comcasesFacebook for more information. Investors may also email investors@tenlaw.com or call 617-531-3917

FOR MORE INFORMATION: www.tenlaw.com/cases/Facebook

The case alleges that Facebook and its senior executives made misleading statements to investors and failed to disclose that: (i) Facebook misrepresented its user growth; (ii) 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; (iii) Facebook did not provide a fair platform for speech, and regularly protected high profile users via its Cross Check/XCheck system; (iv) 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 (v) Facebook has been working to attract preteens to its platform and services.

Interested FB investors have until December 27, 2021 to retain counsel and apply to be a lead plaintiff if they are interested to do so. A lead plaintiff acts on behalf of all other investor class members in managing the class action. Investors do not need to be a lead plaintiff in order to be a class member. If investors choose to take no action, they can remain an absent class member. The class has not yet been certified. Until certification occurs, investors are not represented by an attorney. Thornton Law Firm is not currently representing a plaintiff who filed a complaint but is investigating the case on behalf of investors interested in being a lead plaintiff.

FOR MORE INFORMATION: www.tenlaw.com/cases/Facebook

Thornton Law Firm's securities attorneys are highly experienced in representing investors in recovering damages caused by violations of the securities laws. Its attorneys have established track records litigating securities cases in courts throughout the country and recovering losses on behalf of investors. This may be considered Attorney Advertising in some jurisdictions. Prior results do not guarantee or predict a similar outcome with respect to any future matter.

CONTACT:

Thornton Law Firm LLP
1 Lincoln Street
State Street Financial Center
Boston, MA 02111
www.tenlaw.com/cases/Facebook

SOURCE: Thornton Law Firm LLP



View source version on accesswire.com:
https://www.accesswire.com/677288/FB-INVESTOR-ALERT-Thornton-Law-Firm-Reminds-Meta-Platforms-Inc-fka-Facebook-Inc-Investors-of-a-Securities-Class-Action-Lawsuit

News Provided by ACCESSWIRE IA 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

×