Securities Fraud Investigation Into Cardlytics, Inc. (CDLX) Announced Investors Who Lost Money Urged To Contact The Law Offices of Frank R. Cruz

Business Wire 15-Jan-2025 1:00 PM

The Law Offices of Frank R. Cruz announces an investigation of Cardlytics, Inc. ("Cardlytics" or the "Company") (NASDAQ: CDLX) on behalf of investors concerning the Company's possible violations of federal securities laws.

IF YOU ARE AN INVESTOR WHO LOST MONEY ON CARDLYTICS, INC. (CDLX), CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING A CLAIM TO RECOVER YOUR LOSS.

What Is The Investigation About? On August 7, 2024, Cardlytics released its second quarter 2024 financial results, missing consensus estimates due to "slower-than-anticipated billings growth coupled with higher consumer incentives." Specifically, the Company stated that it had encountered "delivery issues" and "fast-paced changes to [its] technology platform" which led to "unpredictable delivery of the advertiser budgets."

On this news, Cardlytics' stock price fell $3.94, or 57.1%, to close at $2.96 per share on August 8, 2024, thereby injuring investors.

Contact Us To Participate or Learn More: If you purchased Cardlytics securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us:

The Law Offices of Frank R. Cruz, 2121 Avenue of the Stars, Suite 800, Century City, California 90067 Call us at: 310-914-5007 Email us at: info@frankcruzlaw.com Visit our website at: www.frankcruzlaw.com. Follow us for updates on Twitter at twitter.com/FRC_LAW.

If you inquire by email, please include your mailing address, telephone number, and number of shares purchased.

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

View source version on businesswire.com: https://www.businesswire.com/news/home/20250115058343/en/

Contact Us: The Law Offices of Frank R. Cruz, Los Angeles Frank R. Cruz 310-914-5007 fcruz@frankcruzlaw.com www.frankcruzlaw.com