Recent Security Class Actions

Meta Platforms Inc. Class A Common Stock (NASDAQ: FB)

Company Name:Meta Platforms Inc. Class A Common Stock
Stock Symbol:NASDAQ: FB
Class Period Start:04/09/2021
Class Period End (inclusive):06/09/2022
Filing Deadline:05/09/2022

The Complaint alleges that Meta and its senior executives knowingly or recklessly failed to tell investors 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.