NASDAQ: WISH

ContextLogic Inc.

Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of the securities of ContextLogic Inc. (NASDAQ: WISH) who: (1) purchased or otherwise acquired publicly traded ContextLogic securities between December 16, 2020 and May 12, 2021, inclusive (the “Class Period”); and/or (2) purchased or otherwise acquired ContextLogic common stock pursuant and/or traceable to the offering documents issued in connection with the Company’s initial public offering conducted on or about December 16, 2020 (the “IPO” or “Offering”). If you wish to serve as lead plaintiff, you must move the Court no later than July 16, 2021.

If you purchased ContextLogic securities between December 16, 2020 and May 12, 2021 and would like to join the action, please click “Join This Class Action,” above.

If you purchased ContextLogic securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

Details of the case:

According to the lawsuit, the Offering documents and defendants made false and/or misleading statements and/or failed to disclose that:

ContextLogic’s fourth quarter 2020 monthly active users (“MAUs”) had declined materially and were not then growing; and
As a result of the foregoing, defendants materially overstated the Company’s business metrics and financial prospects.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Attorney Advertising. Prior results do not guarantee a similar outcome.

ContextLogic Inc.

Details of the case:

Why Rosen Law