LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz announces an investigation of Cardlytics, Inc. (“Cardlytics” or the “Company”) (NASDAQ: CDLX) on behalf of investors concerning the Company’s possible violations of federal securities laws.
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On August 7, 2024, Cardlytics released its second quarter 2024 financial results, missing consensus estimates due to “slower-than-anticipated billings growth coupled with higher consumer incentives.” Specifically, the Company stated that it had encountered “delivery issues” and “fast-paced changes to [its] technology platform” which led to “unpredictable delivery of the advertiser budgets.”
On this news, Cardlytics’ stock price fell $3.94, or 57.1%, to close at $2.96 per share on August 8, 2024, thereby injuring investors.
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If you purchased Cardlytics 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, 2121 Avenue of the Stars, Suite 800, Century City, 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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