Facebook, Inc.
Investors that purchased the Company’s securities and have suffered a loss, please fill in transaction information below, or email to info@portnoylaw.com.
There is no cost or obligation associated with submitting your information. If you are a shareholder who suffered a loss, please submit your contact information and purchase information to participate in the putative class action.
We also encourage you to contact Lesley F. Portnoy of The Portnoy Law Firm, at 310.692.8883, to discuss your rights free of charge. You can also reach us through the firm’s website at www.portnoylaw.com, or by email at info@portnoylaw.com.
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CONTACT:
Portnoy Law Firm
Lesley F. Portnoy, Esq.,
www.portnoylaw.com
Office: 310.692.8883
1800 Century Park East, Suite 600
Los Angeles, CA 90067
info@portnoylaw.com
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.
