NEW YORK, Jan. 26, 2022 /PRNewswire/ -- The Gross Law
Firm, securities class action litigators, issues the following
notice to shareholders of Robinhood Markets, Inc.:
Shareholders who purchased or otherwise acquired HOOD shares
pursuant and/or traceable to the company's initial public offering
conducted in July 2021 are
encouraged to contact the firm regarding possible appointment as
lead plaintiff. Appointment as lead plaintiff is not required to
partake in any recovery.
CONTACT US HERE:
https://securitiesclasslaw.com/securities/robinhood-markets-inc-loss-submission-form/?id=22509&from=4
ALLEGATIONS: According to the filed complaint, documents
that the Company issued in connection with its IPO contained
representations that were materially inaccurate, misleading, and/or
incomplete because they failed to disclose that, at the time of the
IPO, Robinhood's revenue growth was experiencing a major reversal,
with transaction-based revenues from cryptocurrency trading serving
only as a short-term, transitory injection, masking what was
actually stagnating growth. In addition, the Company's "significant
investments" in enhancing the reliability and scalability of its
platform were patently inadequate and/or defective, exposing
Robinhood to worsening service-level disruptions and security
breaches, particularly as the Company scaled its services to a
larger user base.
DEADLINE FEBRUARY 15,
2022: Shareholders should not delay in registering
for this class action. Register your information here:
https://securitiesclasslaw.com/securities/robinhood-markets-inc-loss-submission-form/?id=22509&from=4
NEXT STEPS FOR SHAREHOLDERS: Once you register as a
shareholder who purchased shares of HOOD during the timeframe
listed above, you will be enrolled in a portfolio monitoring
software to provide you with status updates throughout the
lifecycle of the case. There is no cost or obligation to you to
participate in this case.
WHY GROSS LAW FIRM? The Gross Law Firm's mission is to
protect the rights of all investors who have suffered as the result
of deceit, fraud, and illegal business practices. The Gross Law
Firm is committed to ensuring that companies adhere to responsible
business practices and engage in good corporate citizenship. Our
team puts in the work to get the maximum recovery on behalf of
investors. Attorney advertising. Prior results do not guarantee
similar outcomes.
CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (646) 453-8903
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SOURCE The Gross Law Firm