Temu’s Parent Company Sued for Fraud

The internet has been having a good laugh at the expense of shopping platform Temu nearly since its inception, and memes abound comparing advertising photos to the unrecognizable products that customers actually received. But one corner of the internet isn’t laughing- the investors in PPD Holdings Inc., the company that owns Temu. They say that the Company’s SEC filings are as misleading as Temu’s product photos, and they’ve filed a securities fraud lawsuit about it.

If you were affected by the recent stock drop, you can join the lawsuit here.