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© 2026 Benzinga | All Rights Reserved
December 12, 2016 2:01 PM 1 min read

Glancy Prongay & Murray LLP Commences Investigation on Behalf of Facebook, Inc. Investors

by Business Wire
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LOS ANGELES--(BUSINESS WIRE)--

Glancy Prongay & Murray LLP ("GPM") announces an investigation on behalf of Facebook, Inc. ("Facebook" or the "Company") (NASDAQ: FB) investors concerning the Company and its officers' possible violations of federal securities laws.

On or around April 2015, Facebook allegedly found errors with the advertising and content metrics used to bill advertisers on its platform. The Company allegedly hid these problems from customers-advertisers, and the investing public. More recently, around November 2016 the Company announced a decrease in advertising revenue. This decrease in revenues allegedly resulted from problems with its advertising platform, and on this news Facebook stock fell sharply in value.

If you purchased Facebook securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to [email protected], or visit our website at http://www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

View source version on businesswire.com: http://www.businesswire.com/news/home/20161212006034/en/

Glancy Prongay & Murray LLP, Los Angeles/New York
Lesley Portnoy, 310-201-9150 or 888-773-9224
[email protected]
www.glancylaw.com

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