Facebook, Inc. is an American multinational technology company focusing on the social networking space.

The Complaint alleges that as a direct result of Defendants’ false statements and omissions, shareholders purchased or held Facebook stock believing that the Company had the ability to sustain growth in paid advertising, and could successfully execute its paid advertising plan and related metrics. All the while, however, Defendants knew that significant errors with the Facebook metrics were inflating and misrepresenting the volume and duration of Facebook ad views, and that the eventual disclosure of such errors would result in plunging ad sales.

This case was voluntarily dismissed on March 16, 2017.