LONG-TERM AND SENIOR INVESTOR ADVISOR ROSEN encourages Facebook, Inc. investors who have suffered losses to obtain attorney before important deadline in firm’s first-filed securities class action lawsuit

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NEW YORK, October 31, 2021 / PRNewswire / –

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WHY: Rosen Law Firm, a global investor rights law firm, announces that it has filed a class action lawsuit on behalf of buyers of securities of Facebook, Inc. (NASDAQ: FB) between November 3, 2016 and October 4, 2021 inclusive (the “Class Period”). A class action has already been filed. If you want to serve as the principal applicant, you must move the court not later than December 27, 2021.

SO WHAT: If you purchased Facebook titles during the Class Period, you may be entitled to compensation without payment of any fees or charges under a contingency fee agreement.

WHAT TO DO NEXT: To join the Facebook class action, go to http://www.rosenlegal.com/cases-register-2176.html or call Phillip Kim, Esq. toll free at 866-767-3653 or by emailing [email protected] or [email protected] for information on the class action. A class action has already been filed. If you want to serve as the principal applicant, you must move the court not later than December 27, 2021. A principal plaintiff is a representative party acting on behalf of the other members of the class to direct the litigation.

WHY THE ROSEN LAW: We encourage investors to select qualified advisors with a track record of success in leadership roles. Often, companies providing reviews do not have comparable experience, resources or peer recognition. Be wise in choosing the right lawyer. Rosen law firm represents investors around the world, focusing its practice on class actions in securities and derivative litigation between shareholders. Rosen law firm has secured the largest securities class action settlement against a Chinese company. Rosen law firm was ranked # 1 by ISS Securities Class Action Services for the number of securities class action settlements in 2017. The firm has been ranked in the top 4 every year since 2013 and has recovered hundreds millions of dollars for investors. In 2019 alone, the company achieved more than $ 438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as Titan of the Plaintiff’s Bar. Many of the firm’s lawyers have been recognized by Lawdragon and Super Lawyers.

CASE DETAILS: According to the lawsuit, the registration statement was materially false and misleading and failed to indicate that: (1) Facebook has distorted the growth of its users; (2) Facebook knew, or should have known, that duplicate accounts accounted for a larger portion of its growth than reported, and it should have provided more detailed information on the duplicate account implication for the database. users and the growth of Facebook; (3) Facebook failed to provide a fair platform for speech and regularly protected high profile users through its Cross Check / XCheck system; (4) despite being aware of their use of Facebook’s platforms, the Company has failed to respond meaningfully to drug cartels, human traffickers and violent organizations; (5) Facebook has made efforts to attract tweens to its platform and services; and (6) accordingly, the defendants’ public statements were materially false and misleading at all material times. When the real details entered the market, the lawsuit claims that investors have suffered damage.

To join the Facebook class action, go to http://www.rosenlegal.com/cases-register-2176.html or call Phillip Kim, Esq. toll free at 866-767-3653 or by emailing [email protected] or [email protected] for information on the class action.

No class has been certified. Until a group is certified, you are not represented by a lawyer unless you hire one. You can choose the lawyer of your choice. You can also remain an absent group member and do nothing at this point. The ability of an investor to participate in any potential future recovery does not depend on whether he or she is a lead applicant.

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Contact details:

Laurence Rosen, Esq.
Phillip Kim, Esq.
Rosen Law Firm, Pennsylvania
275 Madison Avenue, 40th Floor
New York, New York State 10016
Phone. : (212) 686-1060
Toll free: (866) 767-3653
Fax: (212) 202-3827
[email protected]
[email protected]
[email protected]
www.rosenlegal.com

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SOURCE Rosen Law Firm, Pennsylvania


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