Pennsylvania

Deadline Reminder: Howard G. Smith’s law firm reminds investors that the deadline for class proceedings against Pinterest, Inc. (PINS) is imminent.Around the Web-Pennsylvania

Bensalem, Pennsylvania, June 9, 2021 / PRNewswire / –Law firm Howard G. Smith Remind investors to: June 28, 2021 Deadline for filing plaintiffs in proceedings filed on behalf of investors who purchased Pinterest, Inc. (“Pinterest” or “Company”) (NYSE: PINS) securities February 4, 2021 And April 27, 2021, Comprehensive (“class period”).

Investors who have lost money on their Pinterest investment are advised to contact a law firm. Howard G. Smith Discuss legal rights in this class action in 888-638-4847 or email howardsmith@howardsmithlaw.com..

Pinterest operates a platform that aims to inspire users’ lives. Monthly active users (“MAU”) are the number of Pinterest users who have used Pinterest at least once in the 30 days leading up to the measurement date.

on April 27, 2021After the market closed, Pinterest released its first quarter 2021 financial results, with global monthly active users up 30% year-on-year to 478 million, down from 37% in the previous quarter. I reported that I did. At a conference call on the same day, Pinterest’s CEO said:[a]Pandemic lockdowns were eased in some parts of the world in mid-March, and signs of lower engagement and more users on Pinterest began to appear. “

The news caused the company’s stock price to fall $ 11.25, Or close at 14.5% $ 66.33 Per share April 28, 2021, About unusually large trading volume.

The complaint filed in this class action not only made a materially false and / or misleading statement by the defendant during the class action, but also disclosed materially unfavorable facts about our business, operations and outlook. I insist that I didn’t. Specifically, Defendant did not disclose the following information to investors: (1) User growth has already slowed down. (2) As a result, we expected user engagement to slow in the second quarter of 2021. (3) As a result, Defendant’s statements regarding its business, operations and outlook were materially false and misleading and / or lacked reasonable grounds at all relevant times.

If you buy or acquire Pinterest securities during your class, you can move to court at the latest. June 28, 2021 If you meet certain legal requirements, ask the court to nominate you as the primary plaintiff. You do not need to do anything at this time to become a member of a class action proceeding. You can retain the lawyer of your choice or take no action and remain an absent member of the class action proceedings. If you would like to know more about this class action, or if you have any questions regarding this announcement or your rights or interests in these matters, Howard G. Smith, Esquire, Law firm Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020, by phone (215) 638-4847, toll free (888) 638-4847, or by email howardsmith@howardsmithlaw.com, Or visit the following website: www.howardsmithlaw.com..

This press release may be considered a lawyer advertisement in some jurisdictions under applicable law and ethical rules.

contact information

a law office Howard G. Smith

Howard G. Smith, Esquire

215-638-4847

888-638-4847

howardsmith@howardsmithlaw.com

www.howardsmithlaw.com

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Source law firm Howard G. Smith

Deadline Reminder: Howard G. Smith’s law firm reminds investors that the deadline for class proceedings against Pinterest, Inc. (PINS) is imminent.Around the Web-Pennsylvania

Source link Deadline Reminder: Howard G. Smith’s law firm reminds investors that the deadline for class proceedings against Pinterest, Inc. (PINS) is imminent.Around the Web-Pennsylvania

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