LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz announces an investigation of Beyond, Inc. (“Beyond” or the “Company”) (NYSE: BYON) on behalf of investors concerning the Company’s possible violations of federal securities laws.
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On May 6, 2024, after the market closed, Beyond announced the Company’s first quarter 2024 financial results, revealing first quarter total net revenue of $382 million, an increase of only 0.3% year-over-year, and a first quarter net loss of $74 million. The Company also declined to reiterate its previously issued goal to achieve $2 billion of revenue in 2024 and a $3 billion revenue run rate by the end of 2025.
On this news, the Company’s share price fell $5.37 or 24.5%, to close at $16.52 on May 7, 2024, on unusually heavy trading volume.
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If you purchased Beyond 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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