LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz announces an investigation of Poshmark, Inc. (“Poshmark” or the “Company”) (NASDAQ: POSH) on behalf of investors concerning the Company’s possible violations of federal securities laws.
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On November 9, 2021, Poshmark released its third quarter earnings with a reported a loss of $.09 per share compared to a profit of $.44 per share in the third quarter of 2020. Poshmark's CEO claimed that "difficult comparisons and the headwinds of Apple privacy changes" were to blame for Poshmark's financial results.
On this news, Poshmark’s stocks fell $7.11, or 29%, to close at $17.42 per share on November 10, 2021, thereby injuring investors.
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If you purchased Poshmark securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067 at 310-914-5007, by email to info@frankcruzlaw.com, or visit our website at www.frankcruzlaw.com. If you inquire by email please include your mailing address, telephone number, and number of shares purchased.
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