Deadline on Jan. 21st coming up in Lawsuit for certain investors in shares of Zeta Global Holdings Corp. (NYSE: ZETA)

An investor, who purchased shares of Zeta Global Holdings Corp. (NYSE: ZETA), filed a lawsuit over alleged violations of Federal Securities Laws by Zeta Global Holdings Corp. in connection with certain allegedly false and misleading statements.

Investors who purchased shares of Zeta Global Holdings Corp. (NYSE: ZETA) have certain options and for certain investors are short and strict deadlines running. Deadline: January 21, 2025. NYSE: ZETA investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

New York based Zeta Global Holdings Corp. operates an omnichannel data-driven cloud platform that provides enterprises with consumer intelligence and marketing automation software in the United States and internationally.

Zeta Global Holdings Corp. reported that its annual Total Revenue rose from $590.96 million in 2022 to $728.72 million in 2023, and that its Net Loss declined from $279.23 million in 2022 to $187.48 million in 2023.

On November 13, 2024, Culper Research published a report alleging that the "integrity of the Company's data collection and reported financials" is severely undermined by two factors. First, the report alleged that "Zeta has formed 'two-way' contracts with third party consent farms wherein the Company simultaneously acts as both a supplier and a buyer of consumer data," allowing the Company to "flatter reported revenue growth" and indicating possible "round-tripping" of revenue. Second, the report alleged that Zeta collects the majority of its customer data from a network of "sham websites that hoodwink millions of consumers each month into handing their data over to Zeta under false pretenses." For example, the report alleged the Company and its subsidiaries operate a number of fake job boards which are designed to trick individuals into submitting personal data under the pretense of job applications. The report further alleged that the Company's "most valuable data" comes from these predatory websites, dubbed consent farms, which are "responsible for almost the entirety of the Company's growth."

Shares of Zeta Global Holdings Corp. (NYSE: ZETA) declined from $38.20 per share on November 11, 2024, to as low as $16.16 per share on November 14, 2024.

The plaintiff claims that between February 27, 2024 and November 13, 2024, the Defendants failed to disclose to investors that Zeta used two-way contracts to artificially inflate financial results, that Zeta Global Holdings Corp. engaged in round trip transactions to artificially inflate financial results, that Zeta Global Holdings Corp. utilized predatory consent farms to collect user data, that these consent farms have driven almost the entirety of Zeta's growth, and that, as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

Those who purchased shares of Zeta Global Holdings Corp. (NYSE: ZETA) have certain options and should contact the Shareholders Foundation.

Contact:
Michael Daniels
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.