26% Market Capitalization Loss FB Stock News | Meta Platforms Securities Class Action ($FB) FB Stock
Deadline May 9, 2022, Learn More 👉 https://bit.ly/FBMETA-NASDAQ 26% Market Capitalization Loss FB Stock News | Meta Platforms Securities Class Action ($FB) FB Stock
FB Stock News and Meta Platforms
The Truth Is Revealed
META Q4 2021 Financial Results
Apple’s iOS privacy changes caused Meta’s advertising business Loss and headwinds impact in 2022 $10B
On this news, Meta’s stock collapsed, closing on February 3, 2022 (the next day of trading after the corrective disclosure) at $237.76, a drop of over $85 from the prior day’s close.
This wiped out approximately 26% of Meta’s market capitalization.
Defendant made false statement and/or concealed 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.
To join Click here 👉 https://bit.ly/FBMETA-NASDAQ
For over 20 years, Levi & Korsinsky have recovered hundreds of millions of dollars for shareholders. We look forward to hearing from you. Prior results do not guarantee similar outcomes, and this video may be considered attorney advertising under the laws of your state.
FB Stock News and Meta Platforms
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