YORK, May 6, 2022 /PRNewswire/ -- Jakubowitz Law
announces that a securities fraud class action lawsuit has
commenced on behalf of shareholders of Meta Platforms, Inc.
To receive updates on the lawsuit, fill out the
The lawsuit seeks to recover losses for shareholders who
purchased Meta Platforms, Inc. between March
2, 2021 and February 2, 2022.
Shareholders interested in acting as a lead plaintiff
representing the class of wronged shareholders have until
May 9, 2022 to petition the
court. Your ability to share in any recovery doesn't require that
you serve as a lead plaintiff.
According to a filed complaint, Meta Platforms, Inc. issued
materially 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.
Jakubowitz Law is vigorous in pursuit of justice for
shareholders who have been the victim of securities fraud. Attorney
advertising. Prior results do not guarantee similar outcomes.
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SOURCE Jakubowitz Law