Thieler Law Corp advises investors with losses exceeding $100,000 of the September 25, 2018 lead plaintiff deadline in a class action lawsuit filed against Facebook Inc (NASDAQ: FB) (“Facebook” or “the Company”). The suit is pending in the U.S. District Court for the Northern District of California and investors, who purchased Facebook Inc securities between April 26, 2018 and July 25, 2018, have until September 25, 2018 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class.

If you purchased Facebook Inc securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 377 - 4324 or emailing mail@thielerlaw.com . No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class.

The complaint alleges that during the Class Period defendants made false and misleading statements and/or allegedly failed to disclose that the number of daily and monthly active Facebook users was declining; due to unfavorable currency conditions and plans to promote and grow features of Facebook’s social media platform with historically lower levels of monetization, such as Stories, Facebook anticipated its revenue growth to slow and its operating margins to fall; and as a result, Facebook’s public statements were materially false and misleading at all relevant times.

On July 25, 2018, the Company revealed its financial and operating results for the second quarter of 2018.  Facebook reported revenues and numbers of daily and monthly active users that fell short of market expectations.  Facebook’s chief financial officer stated that Facebook expected its revenue growth to slow and its operating margins to fall. 

On this news, NASDAQ: FB fell sharply during intraday trading on July 26, 2018.

If you were negatively impacted by your investment in Facebook Inc securities between April 26, 2018 and July 25, 2018 and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, please contact us for your no-cost evaluation.

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