MANHATTAN – A class of Facebook shareholders filed a federal lawsuit claiming its failure to disclose that the number of daily and monthly active users was declining caused company stock to drop 19 percent in one day this week.
Subscribe to our free newsletters
Our weekly newsletter Closing Arguments offers the latest about ongoing trials, major litigation and rulings in courthouses around the U.S. and the world, while the monthly Under the Lights dishes the legal dirt from Hollywood, sports, Big Tech and the arts.
Additional Reads
-
Athens court convicts four over Greece spyware saga February 26, 2026 -
