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The filed complaint alleges that Meta Platforms, Inc. made materially false and/or misleading statements and/or failed to disclose that: The Wall Street Journal published an article on May 15, 2025, entitled "Meta Is Delaying the Rollout of Its Flagship AI Model." Citing "people familiar with the matter", the article reported, in relevant part, that "[c]ompany engineers are struggling to significantly improve the capabilities of its "Behemoth" large-language model, leading to staff questions about whether the improvements over prior versions are significant enough to justify public release[.]" The article further reported that while originally "Behemoth was internally slated for an April release", Meta subsequently "pushed an internal target for . . . Behemoth's release to June" before "delay[ing] . . . to fall or later." Following this news, Meta's stock price fell over 2% on May 16, 2025.
In order to be eligible to join the META class action lawsuit, you must have incurred a loss on shares of Meta Platforms, Inc. purchased during the class period listed above.
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