Emerging Technology

The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Meta Platforms, Inc. fka Facebook, Inc. for violations of §§10 and 20 of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange CommissionInvestors who purchased the Company's securities between November 3, 2016, and October 4, 2021, ...

The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Meta Platforms, Inc. fka Facebook, Inc. ("Facebook" or "the Company") (NASDAQ:FB) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission

Investors who purchased the Company's securities between November 3, 2016, and October 4, 2021, inclusive (the ''Class Period''), are encouraged to contact the firm before December 27, 2021.

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at brian@schallfirm.com.

The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.

According to the Complaint, the Company made false and misleading statements to the market. Facebook misled the market regarding its user growth. The Company knew or should have known that duplicate accounts represented a considerable portion of its purported growth and failed to disclose the implications of duplicate accounts on its business and revenue growth. The Company failed to maintain a fair platform for all users, including protecting high-profile users with the "Cross Check/XCheck" system. The Company failed to take effective action against bad actors on its platform such as drug cartels, human traffickers, and violent criminals. Based on these facts, the Company's public statements were false and materially misleading. When the market learned the truth about Facebook, investors suffered damages.

Join the case to recover your losses.

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

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

CONTACT:

The Schall Law Firm
Brian Schall, Esq.,
www.schallfirm.com
Office: 310-301-3335
info@schallfirm.com

SOURCE: The Schall Law Firm



View source version on accesswire.com:
https://www.accesswire.com/675244/SHAREHOLDER-ACTION-NOTICE-The-Schall-Law-Firm-Encourages-Investors-in-Meta-Platforms-Inc-fka-Facebook-Inc-with-Losses-of-100000-to-Contact-the-Firm

News Provided by ACCESSWIRE IA via QuoteMedia

How to Invest in Mobile Technology

From texting and social media to shopping and banking online, mobile devices have become central to modern life, and the industry is poised for even more growth moving forward.

The mobile device space encompasses items such as mobile phones, handheld computers and other similar personal portable device technologies, articles that many people use on a daily basis.

Here the Investing News Network provides a comprehensive look at mobile technology, including what it is, where it's headed and, of course, ways to invest in it.

Keep reading... Show less

Critical Software Selects BlackBerry to Help Drive Safety Improvements for Portugal's National Rail Network

The pre-certified QNX OS for Safety enables Critical Software to meet stringent safety standards and efficiently achieve target performance

BlackBerry Limited (NYSE: BB; TSX: BB) today announced that its QNX® OS for Safety has been selected by Critical Software to serve as a secure and trusted foundation for a railway protection system being deployed to improve the overall safety of Portugal's national rail network.

Keep reading... Show less

Sierra Wireless Announces AirLink® RV50X Router Certified by FCC for Use on Anterix 900 MHz Spectrum

Enabling Industrial, Energy and Utility customers to connect critical infrastructure and utilize Anterix 900 MHz spectrum for Private LTE

Sierra Wireless (NASDAQ: SWIR) (TSX: SW), a world leading IoT solutions provider, today announced that its AirLink® RV50X router has been certified for use by the Federal Communications Commission (FCC) , enabling existing and new customers access to Anterix's 900 MHz private wireless broadband spectrum. Leveraging the Sierra Wireless MC7455 module with Band 8 spectrum and network assigned duplexing (NAD) support, the RV50X ruggedized cellular router serves as a foundation for critical infrastructure.

Keep reading... Show less
DGTL Reports New $200,000 USD Campaign for Nasdaq Listed E-Sports Gaming Client

DGTL Reports New $200,000 USD Campaign for Nasdaq Listed E-Sports Gaming Client

Latest Client Campaign to Build Awareness of New Online Sports Betting Licensing in New York State, Focused on NYC Area

DGTL Holdings Inc. (TSXV: DGTL) ("DGTL" or the "Company") is pleased to announce that its wholly owned subsidiary Hashoff LLC has launched a new social media content marketing campaign with a Nasdaq listed e-sports and gaming company. The 30-day campaign is valued at approximately $200,000 USD and is focused on promoting brand awareness of the online sports betting brand services becoming live for active users across the state of New York, USA.

Keep reading... Show less

Meta Provides Additional Details on New Segment Reporting

- Following Meta Platforms, Inc. (NASDAQ: FB) October 2021 announcement that we would implement a new financial reporting structure, we are sharing additional information about the reporting format of our segmented financials.

Keep reading... Show less

Sierra Wireless Announces Debt Financing for CAD$60 million

Company secures new debt facility with CIBC Innovation Banking and the Business Development of Canada

Sierra Wireless, Inc. (NASDAQ: SWIR) (TSX: SW), a world leading IoT solutions provider, today announced that it has entered into a credit agreement for a new debt financing facility with CIBC Innovation Banking as administrative agent, and CIBC Innovation Banking and the Business Development Bank of Canada (BDC) as lenders. The new debt facility is for CAD$60 million and has a term of four years. The new facility will provide additional liquidity to the company's balance sheet.

Keep reading... Show less

Latest Press Releases

Related News

×