Levi & Korsinsky, LLP announces that a FB class action lawsuit has been filed on behalf of investors who purchased Meta Platforms, Inc. (FB) securities between March 2, 2021 and February 2, 2022. For more on the FB Lawsuit please contact us today.
According to the Meta Platforms, Inc. lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that:
(1) Apple’s iOS privacy changes were having a material impact on Meta’s ability to provide the kind of targeted advertising that its customers wanted and, as a result, customer ad spending was dropping precipitously; (2) Meta’s mitigation efforts were either not properly implemented or ineffective; (3) measurement of ads was not accurate as mitigation efforts were failing; and (4) Meta did not have a plan in place to properly address the impact of the iOS privacy changes.
If you suffered a loss in Meta Platforms, Inc. you have until May 9, 2022 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.