Los Angeles - 
(NewMediaWire) - November 17, 2021 - The Schall Law Firm, a national shareholder rights litigation
firm, reminds investors of a class action lawsuit against Meta
Platforms, Inc. f/k/a Facebook, Inc. (“Facebook” or “the Company”) (NASDAQ: FB) for violations of §§10(b) and 20(a) of the
Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the
U.S. Securities and Exchange Commission.
Investors who purchased the Company's securities
between November 3, 2016, and October 4, 2021, inclusive (the ''Class Period''), are
encouraged to contact the firm before December 27, 2021.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of
the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067,
at 310-301-3335, to discuss your rights free of charge. You can also reach us
through the firm's website at www.schallfirm.com, or by email at brian@schallfirm.com.
The class, in this case, has not yet been
certified, and until certification occurs, you are not represented by an
attorney. If you choose to take no action, you can remain an absent class
member.
According to the Complaint, the Company made
false and misleading statements to the market. Facebook misled the market
regarding its user growth. The Company knew or should have known that duplicate
accounts represented a considerable portion of its purported growth and failed
to disclose the implications of duplicate accounts on its business and revenue
growth. The Company failed to maintain a fair platform for all users, including
protecting high-profile users with the “Cross Check/XCheck” system. The Company
failed to take effective action against bad actors on its platform such as drug
cartels, human traffickers, and violent criminals. Based on these facts, the
Company’s public statements were false and materially misleading. When the
market learned the truth about Facebook, investors suffered damages.
Join the case to recover your losses.
The Schall Law Firm represents investors
around the world and specializes in securities class action lawsuits and
shareholder rights litigation.
This press release may be considered Attorney
Advertising in some jurisdictions under the applicable law and rules of ethics.
CONTACT:
The Schall Law Firm
Brian Schall, Esq.,
www.schallfirm.com
Office: 310-301-3335
SOURCE:
The Schall Law Firm
