ATLANTA, Feb. 29, 2024 (GLOBE NEWSWIRE) -- A shareholder class action lawsuit has been filed against Nextdoor Holdings, Inc. ("Nextdoor" or the "Company") (NYSE:KIND) f/k/a Khosla Ventures Acquisition Co. II. The lawsuit alleges Defendants made materially false and misleading statements and/or failed to disclose material adverse information regarding the Company's business, operations, and financial condition, including allegations that: (a) Nextdoor's financial results prior to the Merger had been temporarily inflated by the ephemeral effects of the COVID-19 pandemic, which had pulled forward demand for Nextdoor's platform and cannibalized future advertising revenue growth; (b) rather than being sustained, such growth trends had already begun reversing at the start of the Class Period; (c) Nextdoor's total addressable market was materially ...
KIND) Investors – Nationally Ranked Investors' Rights Firm Holzer & Holzer, LLC Encourages Investors With Significant Losses to Contact the Firm>Full story available on Benzinga.com