Investigation announced for Long Term Investors in NASDAQ: FB shares over possible Wrongdoing at Meta Platforms, Inc. f.k.a. Facebook Inc.

An investigation on behalf of current long-term investors in shares of Meta Platforms, Inc. (NASDAQ: FB) concerning potential breaches of fiduciary duties by certain directors and officers of Meta Platforms, Inc. f.k.a. Facebook Inc. was announced.

Investors who are current long term investors in Meta Platforms, Inc. (NASDAQ: FB) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm for current long term investors in NASDAQ: FB stocks follows a lawsuit filed against Meta Platforms, Inc. f.k.a. Facebook Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: FB stocks, concerns whether certain Meta Platforms, Inc. f.k.a. Facebook Inc. directors are liable in connection with the allegations made in that lawsuit.

According to that complaint filed in the U.S. District Court for the Northern District of California the plaintiff alleges that Meta Platforms, Inc 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.

Those who purchased shares of Meta Platforms, Inc. (NASDAQ: FB) have certain options and should contact the Shareholders Foundation.

Contact:
Christopher Clausen
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

This release was published on openPR.