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Law Firm Announces Investigation on Behalf of Uber Technologies Inc Investors

2 points by fstuff ↗ HN
What do you suppose this is about?

https://www.businesswire.com/news/home/20190813005793/en/INVESTOR-ALERT-Law-Offices-Howard-G.-Smith

5 comments

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fstuff
What the heck could this be about? They just IPO'd and the investors are mad the stock is down? Why would that be a reason to sue... Or I assume sue... Why would this require an investigation? Might be a dumb question
raiyu
During the investor pitches there are projections and historical numbers that are provided of they are misleading this where a lawsuit is needed to uncover that.

That's what happened to Snapchat after they ipo. Turns out they had more warning internally that their numbers were slowing that weren't shared.

fstuff
Oh I didn't hear about a snap lawsuit, I knew their stock tanked but I don't know about the lawsuit. I'll Google it. I figured after they put out the ipo perspective it was "buyer be ware".
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