Law Firm Announces Investigation on Behalf of Uber Technologies Inc Investors

2 points by fstuff 6 years ago | 4 comments

What do you suppose this is about?

https://www.businesswire.com/news/home/20190813005793/en/INVESTOR-ALERT-Law-Offices-Howard-G.-Smith

Apparently Pivotal, Pluralsight and Zuora are also being sued by the same law firm (http://www.howardsmithlaw.com/index.html)

fstuff 6 years ago |

What the heck could this be about? They just IPO'd and the investors are mad the stock is down? Why would that be a reason to sue... Or I assume sue... Why would this require an investigation? Might be a dumb question

raiyu 6 years ago | |

During the investor pitches there are projections and historical numbers that are provided of they are misleading this where a lawsuit is needed to uncover that.

That's what happened to Snapchat after they ipo. Turns out they had more warning internally that their numbers were slowing that weren't shared.

fstuff 6 years ago | | |

Oh I didn't hear about a snap lawsuit, I knew their stock tanked but I don't know about the lawsuit. I'll Google it. I figured after they put out the ipo perspective it was "buyer be ware".