Investor Says Social Media Platform Owner Misled About User Retention After COVID

(March 11, 2024, 3:21 PM EDT) -- OAKLAND, Calif. — An acquisitions company that merged with a local community-focused social media platform misled investors by suggesting the platform would be able to maintain spikes in usage it saw during the initial waves of COVID-19 lockdowns, an investor alleges in a putative class complaint filed in a California federal court....