NEW YORK, Jan. 9, 2021 /PRNewswire/ --A Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Pinterest, Inc. (NYSE: PINS) between May 16, 2019 and November 1, 2019, inclusive (the "Class Period"), of the January 22, 2021 lead plaintiff deadline in the securities class action. The lawsuit seeks to recover damages for Pinterest investors under the federal securities laws.
To join the Pinterest class action, go to https://www.rosenlegal.com/cases-register-1995.html or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) Pinterest's addressable market in the U.S. was reaching its maximum capacity; (2) as a result, Pinterest's future ability to monetize on U.S. average revenue per user decelerated significantly; (3) Pinterest was at an increased risk of losing advertising revenue; and (4) as a result, defendants' public statements were materially false and misleading at all relevant times or lacked a reasonable basis and omitted material facts. When the true details entered the market, the lawsuit claims that investors suffered damages.A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court
no later than January 22, 2021. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, go to https://www.rosenlegal.com/cases-register-1995.html or to discuss your rights or interests regarding this class action, please contact Phillip Kim, Esq. of Rosen Law Firm toll free at 866-767-3653 or via e-mail at pkim@rosenlegal.com or cases@rosenlegal.com.
