CMCM - Glancy Prongay & Murray LLP Announces Investigation on Behalf of Cheetah Mobile Inc. Investors (CMCM)

Glancy Prongay & Murray LLP (“GPM”) announces an investigation on behalf of Cheetah Mobile Inc. (“Cheetah” or the “Company”) (NYSE: CMCM) investors concerning the Company and its officers’ possible violations of federal securities laws.

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

On November 26, 2018, BuzzFeed News reported that certain Cheetah apps were exploiting user permissions as part of an ad fraud scheme. Specifically, the article claimed that certain Cheetah apps “tracked when users downloaded new apps and used this data to inappropriately claim credit for having caused the download.” On this news, Cheetah’s share price fell $3.32 per share or nearly 37% over the next two trading days to close at $5.48 per share on November 27, 2018, thereby injuring investors.

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If you purchased Cheetah, 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 Lesley Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to shareholders@glancylaw.com, or visit our website at www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.

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View source version on businesswire.com: https://www.businesswire.com/news/home/20181129005876/en/