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FACEBOOK INC

(FB)
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FACEBOOK INVESTIGATION INITIATED by Former Louisiana Attorney General: Kahn Swick & Foti, LLC Investigates the Officers and Directors of Facebook, Inc. - FB

09/17/2021 | 10:52pm EDT

Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC (“KSF”), announces that KSF has commenced an investigation into Facebook, Inc. (NasdaqGS: FB).

On September 13, 2021, The Wall Street Journal reported that the Company utilizes a social media monitoring system, purportedly to act as a quality control measure, but in reality, operated as a "whitelist" that "shields millions of VIPs from the company's normal enforcement" procedures allowing high-profile users to make harassing and abusive postings on the social network without penalty.

KSF’s investigation is focusing on whether Facebook’s officers and/or directors breached their fiduciary duties to Facebook’s shareholders or otherwise violated state or federal laws.

If you have information that would assist KSF in its investigation, or have been a long-term holder of Facebook shares and would like to discuss your legal rights, you may, without obligation or cost to you, call toll-free at 1-877-515-1850 or email KSF Managing Partner Lewis Kahn (lewis.kahn@ksfcounsel.com), or visit https://www.ksfcounsel.com/cases/nasdaqgs-fb/ to learn more.

About Kahn Swick & Foti, LLC

KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation’s premier boutique securities litigation law firms. KSF serves a variety of clients – including public institutional investors, hedge funds, money managers and retail investors – in seeking to recover investment losses due to corporate fraud and malfeasance by publicly traded companies. KSF has offices in New York, California, Louisiana and New Jersey.

To learn more about KSF, you may visit www.ksfcounsel.com.


© Business Wire 2021
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Financials (USD)
Sales 2021 119 B - -
Net income 2021 40 426 M - -
Net cash 2021 79 410 M - -
P/E ratio 2021 24,2x
Yield 2021 -
Capitalization 959 B 959 B -
EV / Sales 2021 7,36x
EV / Sales 2022 5,96x
Nbr of Employees 63 404
Free-Float 84,0%
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Mean consensus BUY
Number of Analysts 52
Last Close Price 339,99 $
Average target price 417,26 $
Spread / Average Target 22,7%
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Managers and Directors
Mark Elliot Zuckerberg Chairman & Chief Executive Officer
David M. Wehner Chief Financial Officer
Michael Todd Schroepfer Chief Technology Officer
Atish Banerjea Chief Information Officer
Sheryl Kara Sandberg Chief Operating Officer & Director
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