Levi & Korsinsky, LLP announces that a securities class action lawsuit has been filed on behalf of investors who purchased or otherwise acquired Facebook, Inc. (NASDAQ: FB) securities.
If you suffered a loss on your Facebook investment and would like to explore a potential recovery under the federal securities laws, submit to us or contact Joseph E. Levi, Esq. via email at [email protected] or call 212-363-7500 to speak to our team of experienced shareholder advocates.
THE LAWSUIT: Jul 28 2021 - Oct 03 2021
CASE DETAILS:
on October 3, 2021, “60 Minutes” interviewed former Facebook data scientist Frances Haugen, who alleges that the company has been deceiving investors about how it has been dealing with hate speech and misinformation on its platform. Following the publication of this interview, Facebook and other related apps, such as Instagram and WhatsApp, experienced a widespread outage. It is currently unclear what the cause of the disruption is.
On this news, the Company’s share price fell as much as 6% on October 4, 2021, thereby injuring investors.
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