IBTA Investors Have Opportunity to Join Ibotta, Inc. Securities Fraud Investigation with the Schall Law Firm

Business Wire 20-Aug-2024 8:29 PM

The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Ibotta, Inc. ("Ibotta" or "the Company") (NYSE:IBTA) for violations of the securities laws.

The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Ibotta reported its financial reports for the second quarter of 2024 on August 13, 2024. The Company reported a net loss of $34 million caused by a doubling of operating expenses. The Company also provided a third quarter revenue forecast beneath analyst estimates. Based on this news, shares of Ibotta fell sharply on the next day.

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at bschall@schallfirm.com.

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240820920666/en/