NEW YORK, Nov. 24, 2021 (GLOBE NEWSWIRE) — Bernstein Liebhard, a nationally acclaimed investor rights law firm, is reminding investors of the deadline by the day of December 27, 2021 in a securities class action lawsuit filed on behalf of investors who own the securities of Meta Platforms, Inc. f/k/a Facebook, Inc. (“Facebook” or the “Company”) purchased or acquired (NASDAQ:FB) from April 29, 2021 to October 21, 2021 (the “Class Period”). The lawsuit filed in the United States District Court for the Eastern District of New York alleges violations of the Securities Act of 1934.
like you bought Facebook Securities and/or want to discuss your legal rights and options please visit Facebook Shareholder Class Action Lawsuit or contact us Joe Seidman free on (877) 779-1414 or [email protected].
According to the complaint, Facebook was materially inaccurate and misleading and failed to state: (1) Facebook misrepresented its user growth; (2) Facebook knew, or should have known, that duplicate accounts accounted for a larger portion of its growth than stated, and should have provided more detailed information about the implications of duplicate accounts on Facebook’s user base and growth; (3) Facebook failed to provide a fair platform for speech and regularly protected prominent users through its Cross Check/XCheck system; (4) despite being aware of their use of Facebook’s platforms, the company has not responded meaningfully to drug cartels, people smugglers and violent organizations; (5) Facebook has worked to attract young teens to its platform and services; and (6) as a result, the company’s public statements were materially inaccurate and misleading at all relevant times.
On September 13, 2021, during trading hours, The Wall Street Journal (“WSJ”) published an article titled “Facebook Says Its Rules Apply to Everyone. Corporate documents reveal a secret elite who is exempt.” It would be the first of nine articles published by the WSJ based on documents provided by a then-unknown whistleblower (the “Whistleblower”).
On this news, Facebook shares fell $5.17 to close at $376.51 on September 13, 2021.
On September 28, 2021, during market hours, the WSJ published an article titled, “Facebook’s Effort to Attract Young Teens Goes Beyond Instagram Kids, Documents Show.”
On this news, Facebook’s stock prices fell $7.32 to close at $340.65 on September 28, 2021.
On October 3, 2021, CBS News aired a television segment on 60 Minutes in which she interviewed the whistleblower, who turned out to be Frances Haugen, about her findings during her time at Facebook. On October 4, 2021, CBS News published an article titled, “SEC whistleblower complaint: Facebook knew platform was being used to promote human trafficking and domestic servitude,” detailing whistleblower complaints against Facebook filed with the SEC. Eight complaints were shared in the CBS article.
As a result of the October 3 and 4 disclosures, Facebook’s stock price fell $16.78 per share, or about 4.9%, from closing at $343.01 on October 1, 2021, the prior trading day, to the close. at $326.23 on October 4, 2021.
From the first WSJ article published on September 13, 2021 to its final disclosure on October 4, 2021, Facebook’s stock prices fell $55.45 or more than 14%, hurting investors.
As a result of Facebook’s wrongful acts and omissions and the sharp decline in the market value of the Company’s securities, Group members have suffered significant losses and damages.
If you wish to act as the lead plaintiff, you must submit to the court no later than: December 27, 2021. A lead plaintiff is a representative party who acts on behalf of other class members in directing the process. Your ability to share in any recovery does not require you to act as lead claimant. If you choose not to take any action, you may remain an absent class member.
like you bought Facebook Securities and/or want to discuss your legal rights and options please visit https://www.bernlieb.com/cases/facebookinc-fb-shareholder-class-action-lawsuit-fraud-stock-449/ or contact us Joe Seidman free on (877) 779-1414 or [email protected].
Since 1993, Bernstein Liebhard LLP has recovered more than $3.5 billion for its clients. In addition to representing individual investors, the Firm has been hired by some of the largest public and private pension funds in the country to monitor their assets and file lawsuits on their behalf. As a result of its success in pursuing hundreds of lawsuits and class actions, the firm has been named 13 times on The National Law Journal’s “Plaintiffs’ Hot List” and listed in The Legal 500 for ten consecutive years.
LAWYERS ADVERTISING. © 2021 Bernstein Liebhard LLP. The law firm responsible for this advertisement is Bernstein Liebhard LLP, 10 East 40th Street, New York, New York 10016, (212) 779-1414. The attorney responsible for this ad in the state of Connecticut is Michael S. Bigin. Past results do not guarantee or predict a similar outcome with respect to future business.
Starbucks Animal-Free Milk Review, Bitcoin Restaurants, Alt-Meat Sales Drop
It may be almost vacation time, but the food tech news just keeps on coming. Delaying plant-based meats, Starbucks animal-free milk trials, Bitcoin restaurants. Read all about it.
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Will Jack Dorsey’s Block Herald the Bitcoin Restaurant Era?
Here’s what we know: On Monday, Jack Dorsey announced his immediate retirement from his top position at Twitter. On Wednesday, its payment company Square said it would change its name to Block and double down on cryptocurrency, blockchain, and building a decentralized payment system, among other things. I didn’t watch today’s news, but I suspect he has announced that he is setting up a robot society or has plans for a teleportation system.
What does it all mean (except the robots and teleportation)? First off, Jack Dorsey has had a busy week. But it also means that the same man who helped usher in real-time social media and democratize digital payments for small businesses is now the one who makes it easier for the average Joe to buy everyday things with cryptocurrency.
Because now it’s not easy. Crypto is not nearly like this liquid just like other conventional payment methods such as cash or credit. Of course you can trade crypto without any problem – anyone with a Coinbase or Robinhood account knows that – but good luck paying for a bottle of mouthwash or buying a Big Mac with that wad of Dogecoin burning a hole in your crypto wallet.
So what can Dorsey do about it? Simple: With Square Block, he has all the different parts to create a crypto payment value chain that will take it from what is primarily a highly volatile investment vehicle today to a street-spendable retail currency of tomorrow.
Click here to read the full post on Jack Dorsey’s Bitcoin betting.
The Spoon & CES Bring Food Tech to the World’s Largest Tech Show
Did you know that food tech will be themed for the first time at the world’s biggest tech show in January and that The Spoon is the exclusive partner of CES to make this possible?
There’s still time to get your hands on a stall! If you would like to sponsor the event, let us know. See you in Vegas!
Starbucks is testing animal-free milk. I decided to try it out to see if it tastes and foams like regular milk
In case you haven’t heard, Starbucks is animal-free milk in the Seattle market. No, we’re not talking about Oatly or any other plant-based milk, but a milk with cow’s milk-identical proteins made in a lab.
The alt milk is from Perfect Day, a company that uses precision fermentation to create its own -lactoglobulin animal-identical milk protein. The company’s protein, which received GRAS approval from the FDA last year, is sold primarily to consumers in the form of ice cream (and soon cream cheese), but not in the form of a milk product. However, this move could mean someone is on the way.
The company created a special 2% “barista blend” version of its alt milk especially for the Starbucks trial. Starbucks is currently testing the milk at two locations in the Seattle market, Bellevue (a city east of Seattle) and Renton (south of Seattle).
Since I live in Seattle, I decided to go to Bellevue to see how accurately fermented milk tasted in a cup of Starbucks coffee.
Click here to see how Perfect Day’s animal-free milk frothed and tasted.
Zippin checks in to JFK with autonomous checkout technology
In a hurry but still hoping to grab a snack before hopping on your flight? If you’re at JFK in New York City, you might be in luck, at least if you pass Gate B 42. Because that’s where the airport just partnered with Zippin, a maker of AI-powered checkoutless POS technology, and SSP America, an airport food service operator, to launch Camden Food Express, a new grab-and-go convenience concept.
According to the release sent to The Spoon, it works like this: Customers enter the store through a turnstile tapping their credit card as they enter and begin shopping by picking items off the shelves. As they do so, Zippin’s AI system automatically identifies the items and builds the customer’s virtual shopping cart with the associated monetary value. When the customer leaves the store, the total amount spent is automatically charged to the card the customer used to check in at the store entrance.
For Zippin, the partnership with JFK and SSP is a great compliment to a company with a portfolio of implementations including hotels, stadiums and supermarkets. Zippin’s move to airports follows other checkout-less technology platforms like Amazon’s Just Walk Out, which debuted at the Dallas airport earlier this year.
Click here to read the full story on Zippin’s commitment to JFK.
What the hell is causing the vegetable meat slowdown?
There are no two ways to do this: plant-based meats have gone through a decline in sales.
According to to recent data from market watcher SPINS, sales in the overall plant-based meat market declined 1.8% year over year for the four-week period ended October 3. This follows an even bigger drop in the category earlier in 2021, starting around April, when the vegetable category fell more than 15% year over year.
The decline in overall plant-based meat sales is in line with what some industry whistleblowers are seeing. According to According to Michael McCain, the CEO of Maple Leaf Foods, its plant-based meat sales declined in every channel the company sells in the third quarter of this year. McCain was baffled by the reason, saying the company is re-evaluating their “investment thesis.”
Maple Leaf was not alone. Beyond, where company CEO Ethan Brown came out and said: the plant-based meat company had seen its sales fall 13.9% year over year, forecasting a potentially bumpy road ahead.
So what’s going on here? High-growth emerging markets should be rising, not more down and down.
Although there is no way to know for sure without more data. it’s worth investigating possible causes for the decline in plant-based meats.
You can read here why the sale of plant-based meat is suddenly so slow.
The media was fascinated by a TikTok video of a robot at Denny’s. This is what it means.
Maybe it was a slow news week. Perhaps it was the sight of pancakes piggybacking on a robot at America’s late-night diner. Whatever the reason, it seemed like each news organization wrote the same story about a TikTok video of server robot showing up to hand out breakfast at a Denny’s.
They all had a variation of the same headline: “Viral Video of Robot at Denny’s Sparks Debate.” From there, the authors sifted through comments from TikTok viewers, some cheering the idea of faster service and lower tips, others angry about a robot stealing a job.
While the sudden interest in a social media post about a server robot may say as much about the modern media landscape as it does about the use of robotics in restaurants, the reality is that Denny’s deployment of robots is quite a big deal. After all, as America’s most famous 24-hour diner, Denny’s holds a special place in our collective consciousness, a place where almost anyone can get an inexpensive meal and apply for—and oftentimes—get a job.
And it’s these two things that Denny’s represents – a place with affordable food and an employer of ordinary Americans – that seemed at odds with each other, both when we looked at both the reactions to the video on TikTok and the framing by the media.
Click here to read the full story about Denny’s server robot.
Hazel Technologies Announces New California Hub to Expand Production Preservation Technology
Beginning in the mid-twentieth century, the advent of new technologies for fertilizer production allowed the world to grow crops on a new scale. While that so-called Green Revolution helped producers feed more people than ever before, it also created a focus on crop production rather than system efficiency. And that imbalanced focus has led to a global agricultural system that wastes about a third of the food it produces, according to the Food and Agriculture Organization of the United Nations.
During a stint as a chemistry student at the Institute for Sustainability and Energy at Northwestern University, Dr. Aidan Mouat wondered what might happen if we used chemistry to create a new revolution — one that focused on the food supply chain. . That idea led to the launch in 2015 of Hazel Technologies, a Chicago-based company that produces high-tech packaging and storage solutions for products to extend shelf life.
Read the full story on Hazel’s new hub, head over to The Spoon.
Obituary: Marilyn May McDonald
Marilyn May McDonald was promoted to her eternal home in heaven on November 15, 2021 at the age of 85, after a short illness. Marilyn was born to Stewart and Inez Crandall on February 15, 1936, in South Pasadena, California. Marilyn grew up with her brothers Roland, Rodney and Duane and went to school in ‘South Pas’.
In 1952 Marilyn met the love of her life, “Mac” McDonald; they were married for only 6 months until the day of their meeting. They were constant companions and incredibly happy together for 64 years.
In 1964 they moved to Leona Valley, CA where they had the adventure of a lifetime. They built “McDonald’s Farm” on a few acres where they planted a cherry orchard and raised every farm animal you can imagine. Marilyn was especially happy with chickens and liked to ride her horse Reka.
On paperwork, Marilyn was a housewife; an endearing term that fails to describe her array of passions and skills. She worked outdoors, weeding and watering the orchard and garden, preserving various fruits, vegetables, and meats. Marilyn sewed clothes, volunteered at her children’s schools, and served faithfully at her local church.
A celebration of her life will be held on December 11, 2021 at 2:00 PM at Crossroads Memorial Church, 1700 Marketplace Dr, Great Falls, Montana.
To read the full obituary and share condolences, visit the Schnider Funeral Home Website.
The amazing National Lottery prize of £10,000 every month for 30 YEARS can be yours TOMORROW
€10,000 every month for 30 years can be yours in tomorrow’s National Lottery Set for Life draw.
There’s only one day left for this week’s lucky numbers will be chosen with the lifetime prize of £3.6 million.
Tomorrow’s winning numbers will be chosen on Monday, December 6 at 7:30 PM.
Could tomorrow’s jackpot make you tick off that bucket list every month or build your own start-up as a budding entrepreneur?
The top prize is £10k for each month for the next 30 years, but winners can still walk away with huge cash prizes every week.
You can buy Set For Life tickets online every day from 6am to 11pm. But remember, to play on a draw day you need to buy your ticket before 7.30pm.
The first National Lottery draw took place on 19 November 1994 when seven winners shared a jackpot of £5,874,778.
Gareth Bull, a 49-year-old builder, won £41 million in November 2020, eventually tearing down his bungalow to make way for a luxury mansion with a swimming pool.
PREVIOUS WINNING JACKPOTS
£1.308 billion (Powerball) on January 13, 2016 in the US, for which three winning tickets were sold, remains the largest lottery prize in history
£1.267 billion (mega million) a winner from South Carolina took the time to step forward to claim their prize in March 2019, not long before the April deadline
£633.76 million (Powerball draw) from a Wisconsin winner
£625.76 million (Powerball) Mavis L. Wanczyk of Chicopee, Massachusetts claimed the jackpot in August 2017
£575.53 million (Powerball) A few lucky winners hit the jackpot in Iowa and New York in October 2018
Sue Davies, 64, bought a raffle ticket to celebrate the end of five months of foreclosure during the pandemic – and won £500,000.
Sandra Devine, 36, accidentally won £300k – she intended to buy her usual £100 National Lottery scratch card, but came home with a much bigger prize.
This week’s players can try their luck with the lucky dip, or stick to their usual weapons to win this week’s Set for Life.
The winning numbers of the National Lottery EuroMillions from last night are 46, 21, 32, 22, 29 and the Lucky Stars to be: 09, 10.
The winner of the UK Millionaire Maker Selection is: TDLJ97056.
You can start planning your early retirement, don’t forget to check your ticket when the numbers are drawn tomorrow at 7.30pm.
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