INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Meta Platforms, Inc. - META

NEW YORK, May 20, 2025 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of  Meta Platforms, Inc. ("Meta" or the "Company") (NASDAQ: META). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980.

The investigation concerns whether Meta and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. 

[Click here for information about joining the class action]

On May 15, 2025, the Wall Street Journal published an article entitled "Meta Is Delaying the Rollout of Its Flagship AI Model."  Citing "people familiar with the matter", the article reported, in relevant part, that "[c]ompany engineers are struggling to significantly improve the capabilities of its "Behemoth" large-language model, leading to staff questions about whether the improvements over prior versions are significant enough to justify public release[.]"  The article further reported that while originally "Behemoth was internally slated for an April release", Meta subsequently "pushed an internal target for . . . Behemoth's release to June" before "delay[ing] . . . to fall or later." 

On this news, Meta's stock price fell $19.02 per share, or 2.88%, over the following two trading sessions, to close at $640.34 per share on May 16, 2025.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.

Attorney advertising. Prior results do not guarantee similar outcomes.  

CONTACT:
Danielle Peyton
Pomerantz LLP
dpeyton@pomlaw.com
646-581-9980 ext. 7980

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SOURCE Pomerantz LLP