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4-Traders Homepage  >  Equities  >  Nasdaq  >  Facebook Inc    FB

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FB The Law Offices of Vincent Wong Reminds Investors of Commencement of a Class Action Involving Facebook, Inc. and a Lead Plaintiff Deadline of March 28, 2017

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02/22/2017 | 05:18pm CET

The Law Offices of Vincent Wong announce that a class action lawsuit has been commenced in the USDC for the Central District of California on behalf of investors who purchased Facebook, Inc. (NASDAQ: FB) securities between May 5, 2014 and December 9, 2016.

Click here to learn about the case: http://www.wongesq.com/pslra/facebook. There is no cost or obligation to you.

According to the complaint, throughout the Class Period Defendants made false and/or misleading statements and/or failed to disclose that: (1) Facebook’s metrics to calculate the average time users spent watching videos was overestimated by between 60% and 80%; (2) Facebook provided inaccurate statistics to advertisers regarding the amount of activity their ads received on the Website; and (3) as a result, the Defendants’ public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

If you suffered a loss in Facebook you have until March 28, 2017 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff. To obtain additional information, contact Vincent Wong, Esq. either via email vw@wongesq.com, by telephone at 212.425.1140, or visit http://www.wongesq.com/pslra/facebook.

Vincent Wong, Esq. is an experienced attorney that has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.


© Business Wire 2017
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Financials ($)
Sales 2017 37 829 M
EBIT 2017 21 090 M
Net income 2017 12 825 M
Finance 2017 35 788 M
Yield 2017 -
P/E ratio 2017 30,35
P/E ratio 2018 23,56
EV / Sales 2017 9,27x
EV / Sales 2018 7,00x
Capitalization 386 448 M
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Facebook Inc Technical Analysis Chart | FB | US30303M1027 | 4-Traders
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Mean consensus OUTPERFORM
Number of Analysts 48
Average target price 159 $
Spread / Average Target 19%
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Managers
NameTitle
Mark Elliot Zuckerberg Chairman & Chief Executive Officer
Sheryl Kara Sandberg Chief Operating Officer & Director
David M. Wehner Chief Financial Officer
Michael Todd Schroepfer Chief Technology Officer
Atish Banerjea Chief Information Officer
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