KIND - KIND INVESTOR ALERT: Kirby McInerney LLP Notifies Nextdoor Holdings Inc. Investors of Upcoming Lead Plaintiff Deadline in Class Action Lawsuit | Benzinga
NEW YORK, March 29, 2024 (GLOBE NEWSWIRE) -- The law firm of Kirby McInerney LLP reminds investors of the April 29, 2024 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed on behalf of those who acquired Nextdoor Holdings, Inc. (formerly known as Khosla Ventures Acquisition Co. II) ("Nextdoor" or the "Company") (NYSE:KIND) securities during the period of July 6, 2021 through November 8, 2022, inclusive ("the Class Period").
[Click here to learn more about the class action]
On March 1, 2022, Nextdoor reported that its revenue growth rate in the fourth quarter of 2021 had declined sequentially by 18%, down from the 66% growth rate reported in the most recent quarter to 48%. In addition, Nextdoor reported quarterly Average Revenue Per Weekly Active User (ARPU) of $1.65, revealing that the ARPU growth rate in the quarter had declined substantially by 26% to 12% year-over-year growth, which indicated that Nextdoor's ability to monetize its online platform was faltering. On this news, the price of Nextdoor shares fell by $, or approximately 11%, from $ 6.24 per share on March 1, 2022 to close at $6.09 on March 2, 2022.
Then, on ...