Market Overview

FACEBOOK INVESTOR DEADLINE ALERT: Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses Exceeding $1 Million In Facebook, Inc. To Contact The Firm


Faruqi & Faruqi, LLP, a leading national securities law firm, reminds
investors in Facebook, Inc. ("Facebook" or the "Company") (NASDAQ:FB) of
the September 25, 2018 deadline to seek the role of lead plaintiff in a
federal securities class action that has been filed against the Company.

If you invested in Facebook stock or options between April 25, 2018
and July 25, 2018
and would like to discuss your legal rights, click
There is no cost or obligation to you.

You can also contact us by calling Richard Gonnello toll free at
or at 212-983-9330 or by sending an e-mail to

The lawsuit has been filed in the U.S. District Court for the Southern
District of New York on behalf of all those who purchased Facebook
common stock between April 25, 2018 and July 25, 2018 (the "Class
Period"). The case, Kacouris v. Facebook, Inc. et al., No.
1:18-cv-06765 was filed on July 27, 2018 and has been assigned to Judge
Richard Joseph Sullivan.

The lawsuit focuses on whether the Company and its executives violated
federal securities laws by making false and/or misleading statements
and/or failing to disclose that: (1) the number of daily and monthly
active Facebook users was declining; (2) due to unfavorable currency
conditions and plans to promote and grow features of Facebook's social
media platform with historically lower levels of monetization, the
Company anticipated its revenue growth to slow and its operating margins
to fall; and (3) as a result, Facebook's public statements were
materially false and misleading.

On July 25, 2018, post-market, Facebook announced disappointing
financial and operating results for the second quarter of 2018.
Specifically, the Company reported revenues and numbers of daily and
monthly active users that fell short of market expectations.
Additionally, on a conference call held that day, Facebook's chief
financial officer, David M. Wehner, stated that the Company expects
currency conditions "to be a slight headwind in the second half" and
that the Company plans to further develop certain features of its
platform, like Stories, that currently "have lower levels of

Following these statements, Facebook's share price fell from $217.50 per
share on July 25, 2018 to a closing price of $176.26 on July 26, 2018—a
$41.24 or a 18.96% drop.

The court-appointed lead plaintiff is the investor with the largest
financial interest in the relief sought by the class who is adequate and
typical of class members who directs and oversees the litigation on
behalf of the putative class. Any member of the putative class may move
the Court to serve as lead plaintiff through counsel of their choice, or
may choose to do nothing and remain an absent class member. Your ability
to share in any recovery is not affected by the decision to serve as a
lead plaintiff or not.

Faruqi & Faruqi, LLP also encourages anyone with information regarding
Facebook's conduct to contact the firm, including whistleblowers, former
employees, shareholders and others.

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particular case. All communications will be treated in a confidential

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