SAN FRANCISCO, Feb. 15, 2024 (GLOBE NEWSWIRE) -- Hagens Berman urges Amplitude, Inc. (NASDAQ:AMPL) investors who suffered substantial losses during the Class Period to submit your losses now.
Class Period: Sept. 21, 2021 – Feb. 16, 2022
Lead Plaintiff Deadline: Apr. 15, 2024
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Amplitude, Inc. (NASDAQ:AMPL) Securities Fraud Class Action:
The litigation focuses on Amplitude's assurances that its "land-and-expand" business model (whereby it grew revenue by upselling existing clients on increased usage and new products) would continue to support revenue growth acceleration.
The complaint alleges that Amplitude made misleading statements and failed to disclose that: (1) Amplitude's land-and-expand strategy was years away from significantly accelerating revenues among its newer client cohorts; and (2) the rapid acceleration in Amplitude's Q2 2021 results was due to the short-lived effects ...
AMPL) Feb. 2022 Stock Crash Due to Slower Expansion Activity Leads to Securities Class Action - Hagens Berman>Full story available on Benzinga.com