KIND - SHAREHOLDER ALERT: Nextdoor Holdings Sued for Securities Law Violations; Investors Should Contact Block & Leviton for More Information | Benzinga
BOSTON, March 12, 2024 (GLOBE NEWSWIRE) -- A class action lawsuit has been filed against Nextdoor Holdings, Inc. (NYSE:KIND) for securities law violations. Investors who purchased shares and have lost money are encouraged to contact the firm to learn more about how they might recover those losses. For more details, visit https://www.blockleviton.com/cases/kind.
What is this all about?
The lawsuit alleges that Nextdoor's financial results prior to its merger with a blank check company had been temporarily inflated by the effects of the COVID-19 pandemic, which pulled forward demand and cannibalized future advertising revenue growth. Additionally, Nextdoor's total addressable market is alleged to have been materially smaller than ...