Facebook shareholders sue company and Zuckerberg violates securities law
28/7/2018 5:43
Facebook shareholder sues Facebook and CEO after share price stock has fallen 19% in one day Zuckerberg has broken securities laws, seeking clbad actions and offsetting losses.
The law firm that filed a lawsuit for shareholders claimed Facebook investors who lost more than $ 100,000. During the period April 26 to July 25, Facebook and the responsible person made a series of false and misleading statements, failing to disclose to investors material adverse facts about the company's business, operations and prospects. The number of active Facebook users is shrinking every day and, contrary to expectations, revenue growth is expected to slow, profit margins will fall and investors will be able to buy Facebook at artificially high prices during this period. Stocks, and suffered significant investment losses after the defendant disclosed the information.
Facebook released its second quarter results on Wednesday, including earnings and On the next conference call, Facebook warned that the slowdown in revenue growth will continue in the second half and that spending will increase by 50% year-over-year, Facebook's share price fell by 41.24 dollars, or 19% the next day. $ 176.26
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