Latest news with #Ibotta
Associated Press
a day ago
- Business
- Associated Press
Kaplan Fox Alerts Investors of a Securities Class Action Deadline Against Ibotta, Inc. (IBTA) on June 16, 2025
NEW YORK, NY - June 2, 2025 ( NEWMEDIAWIRE ) - Kaplan Fox & Kilsheimer LLP announces that a class action lawsuit has been filed against Ibotta, Inc. ('Ibotta' or the 'Company') (NYSE: IBTA) on behalf of Ibotta investors. CLICK HERE TO JOIN THE CASE If you are an investor in Ibotta and have suffered losses, you may CLICK HERE to contact us. You may also contact Kaplan Fox by emailing [email protected] or by calling (646) 315-9003. DEADLINE REMINDER: If you are a member of the proposed Class, you may move the court no later than June 16, 2025 to serve as a lead plaintiff for the purported class. If you have losses we encourage you to contact us to learn more about the lead plaintiff process. Ibotta purports to be a technology company that allows consumer packaged goods brands to deliver digital promotions to consumers through the Ibotta Performance Network. On April 18, 2024, Ibotta conducted its Initial Public Offering ('IPO'), offering 6,560,700 million shares of Class A common stock at a price of $88 per share. The complaint alleges that throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose that; (i) Ibotta's data measurement system did not provide accurate, precise, and real time client campaign and consumer data measurement; (ii) the Company's business mix had shifted and was generating less revenue; and (iii) Ibotta had 'exhausted' its clients' budgets, negatively impacting fourth quarter 2024 revenue and expected first quarter 2025 revenue. According to the action, on February 26, 2025, after market hours, in connection with reporting fourth quarter 2024 and full year 2024 financial results, Ibotta's CEO Bryan W. Leach ('CEO Leach') explained just how deficient Ibotta's data measurement technology was by stating that 'it has become clear that we need to bring to market a more rigorous form of measurement that goes beyond the industry standard return on ad spend, or ROAS, framework.' Further CEO Leach allegedly announced that Ibotta would transform into a programmatic advertising company, which according to the complaint demonstrates that, at the time of the IPO, Ibotta's data measurement infrastructure was not suited for heavy reliance on third party platforms. On this news, the price of Ibotta's stock fell $29.08, or nearly 46%, to close at $34.09 on February 27, 2025, more than 60% lower than the IPO price of $88 per share. WHY CONTACT KAPLAN FOX - Kaplan Fox is a leading national law firm focusing on complex litigation with offices in New York, Oakland, Los Angeles, Chicago and New Jersey. With over 50 years of experience in securities litigation, Kaplan Fox offers the professional experience and track record that clients demand. Through prosecuting cases on the federal and state levels, Kaplan Fox has successfully shaped the law through winning many important decisions on behalf of our clients. For more information about Kaplan Fox & Kilsheimer LLP, you may visit our website at This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules. If you have any questions about this Notice, your rights, or your interests, please contact: CONTACT: Pamela A. Mayer KAPLAN FOX & KILSHEIMER LLP 800 Third Avenue, 38th Floor New York, New York 10022 (646) 315-9003 [email protected] Laurence D. King KAPLAN FOX & KILSHEIMER LLP 1999 Harrison Street, Suite 1560 Oakland, California 94612 (415) 772-4704 [email protected] Contacting or submitting information to Kaplan Fox & Kilsheimer LLP does not create an attorney-client relationship, nor an obligation on the part of Kaplan Fox to retain you as a client. View the original release on
Associated Press
2 days ago
- Business
- Associated Press
Kaplan Fox Reminds Ibotta, Inc. (IBTA) Investors of a Securities Class Action Deadline on June 16, 2025
NEW YORK, NY - May 31, 2025 ( NEWMEDIAWIRE ) - Kaplan Fox & Kilsheimer LLP announces that a class action lawsuit has been filed against Ibotta, Inc. ('Ibotta' or the 'Company') (NYSE: IBTA) on behalf of Ibotta investors. CLICK HERE TO JOIN THE CASE If you are an investor in Ibotta and have suffered losses, you may CLICK HERE to contact us. You may also contact Kaplan Fox by emailing [email protected] or by calling (646) 315-9003. DEADLINE REMINDER: If you are a member of the proposed Class, you may move the court no later than June 16, 2025 to serve as a lead plaintiff for the purported class. If you have losses we encourage you to contact us to learn more about the lead plaintiff process. Ibotta purports to be a technology company that allows consumer packaged goods brands to deliver digital promotions to consumers through the Ibotta Performance Network. On April 18, 2024, Ibotta conducted its Initial Public Offering ('IPO'), offering 6,560,700 million shares of Class A common stock at a price of $88 per share. The complaint alleges that throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose that; (i) Ibotta's data measurement system did not provide accurate, precise, and real time client campaign and consumer data measurement; (ii) the Company's business mix had shifted and was generating less revenue; and (iii) Ibotta had 'exhausted' its clients' budgets, negatively impacting fourth quarter 2024 revenue and expected first quarter 2025 revenue. According to the action, on February 26, 2025, after market hours, in connection with reporting fourth quarter 2024 and full year 2024 financial results, Ibotta's CEO Bryan W. Leach ('CEO Leach') explained just how deficient Ibotta's data measurement technology was by stating that 'it has become clear that we need to bring to market a more rigorous form of measurement that goes beyond the industry standard return on ad spend, or ROAS, framework.' Further CEO Leach allegedly announced that Ibotta would transform into a programmatic advertising company, which according to the complaint demonstrates that, at the time of the IPO, Ibotta's data measurement infrastructure was not suited for heavy reliance on third party platforms. On this news, the price of Ibotta's stock fell $29.08, or nearly 46%, to close at $34.09 on February 27, 2025, more than 60% lower than the IPO price of $88 per share. WHY CONTACT KAPLAN FOX - Kaplan Fox is a leading national law firm focusing on complex litigation with offices in New York, Oakland, Los Angeles, Chicago and New Jersey. With over 50 years of experience in securities litigation, Kaplan Fox offers the professional experience and track record that clients demand. Through prosecuting cases on the federal and state levels, Kaplan Fox has successfully shaped the law through winning many important decisions on behalf of our clients. For more information about Kaplan Fox & Kilsheimer LLP, you may visit our website at This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules. If you have any questions about this Notice, your rights, or your interests, please contact: CONTACT: Pamela A. Mayer KAPLAN FOX & KILSHEIMER LLP 800 Third Avenue, 38th Floor New York, New York 10022 (646) 315-9003 [email protected] Laurence D. King KAPLAN FOX & KILSHEIMER LLP 1999 Harrison Street, Suite 1560 Oakland, California 94612 (415) 772-4704 [email protected] Contacting or submitting information to Kaplan Fox & Kilsheimer LLP does not create an attorney-client relationship, nor an obligation on the part of Kaplan Fox to retain you as a client.
Malaysian Reserve
3 days ago
- Business
- Malaysian Reserve
SHAREHOLDER REMINDER: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Ibotta
Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses In Ibotta To Contact Him Directly To Discuss Their Options If you purchased or otherwise acquired stock of Ibotta (a) pursuant and/or traceable to the registration statement and related prospectus (collectively, the 'Registration Statement') issued in connection with Ibotta's April 18, 2024 initial public offering (the 'IPO'); (b) purchased or otherwise acquired Ibotta securities between April 18, 2024, and February 26, 2025, inclusive (the 'Class Period') and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). [You may also click here for additional information] NEW YORK, May 31, 2025 /PRNewswire/ — Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Ibotta, Inc. ('Ibotta' or the 'Company') (NYSE: IBTA) and reminds investors of the June 16, 2025 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company. Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See As detailed below, the complaint alleges that the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose risks concerning Ibotta's contract with The Kroger Co. ('Kroger'). Kroger's contract was at-will, and Ibotta failed to warn investors that a large client could cancel their contract with Ibotta without warning. Despite providing a detailed explanation of the terms of Ibotta's contract with another large customer, there was not a single warning of the at-will nature of Kroger's contract. Rather than disclosing the very real risk of a major client walking away at any time, Ibotta provided boilerplate warnings concerning the importance of maintaining ongoing relationships with their clients. When the true details entered the market, the lawsuit claims that investors suffered damages. On or around April 13, 2024, Ibotta conducted its initial public offering of 6.6 million shares priced at $88.00 per share. Then, on August 13, 2024, Ibotta issued a press release reporting its financial results for the second quarter of 2024. In the results, Ibotta reported, among other items, a net loss of $34.0 million, attributable to operating expenses that more than doubled year-over-year. Ibotta also provided a third quarter revenue forecast in the range of $91 million to $96 million, below consensus estimates. Following this news, Ibotta stock dropped $15.53 per share, or 26%, to close at $42.66 on August 14, 2024. On February 26, 2025, after market hours, published an article entitled 'Ibotta shares plunge 30% as Q4 earnings miss, Q1 guidance disappoints.' This article stated, in pertinent part, that Ibotta 'saw its shares tumble [. . .] after reporting fourth-quarter earnings that fell short of expectations and providing weak guidance for the first quarter of 2025.' Following this news, Ibotta stock dropped $29.08 per share, or 46%, to close at $34.01 on February 27, 2025. The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not. Faruqi & Faruqi, LLP also encourages anyone with information regarding Ibotta's conduct to contact the firm, including whistleblowers, former employees, shareholders and others. To learn more about the Ibotta class action, go to or call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). Follow us for updates on LinkedIn, on X, or on Facebook. Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP ( Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.
Yahoo
4 days ago
- Business
- Yahoo
How to save $1,000 in a month: 10 strategies
Saving $1,000 in one month may be a lofty goal, but with some extra work and a few changes, it's possible. You might be choosing to save $1,000 to kickstart an emergency fund, to fund a certificate of deposit (CD), to pay for an upcoming vacation or event or to complete step one of Dave Ramsey's 7 Baby Steps. Whatever you're reasoning is, here are some strategies to help you achieve your goal: If you haven't already, it's important to create a budget and track every expense, whether that's in a traditional spreadsheet or through a personal finance app that automatically tracks them for you. Look back at the last several months to determine what you typically bring in (your income) and what your expenses are on average. Bankrate tip Ready to set forth on your savings goals? Let Bankrate help you crunch your numbers with its Savings Goals Calculator. Once you create a budget, you have a clear view of all of your monthly which recurring costs you can cancel, if anything. Some companies may allow you to temporarily pause a subscription as well. Consider canceling what's not essential to help boost your savings. You can always check out a free trial, when offered, to a subscription or see if a gym offers a free pass for new your monthly essential bills. Shop around to see if you can get a better deal on your home internet, cell phone bill or car insurance. Call and try to negotiate a lower monthly bill. Ask about any available discounts or other ways to reduce your bill. Learn more: How to make a zero-based budget Unless you're going to make a big move such as moving to a new place with lower rent or selling your car, these costs are pretty set in stone. But what you pay for in categories such as groceries, dining out and entertainment can be a massive swing. If you're looking to save up $1,000 in one month, you can make some adjustments to lower your costs. Sign up for store loyalty programs, use coupons and use cashback apps, such as Ibotta for extra savings (and be sure to review the terms and conditions for such programs and apps). Consider purchasing generic/store brands, items that are on sale and the best per ounce value. Skip convenience items, such as pre-chopped vegetables, and swap in-season produce which often costs less. Set a budget. If you're trying to hit a specific goal in one month, you may want to avoid or limit take-out or dining out since it is typically more expensive compared to cooking your own meals. Do your homework by researching less expensive restaurants and restaurants that offer coupons, discounts or deals. If you're dining with children, look for restaurants where kids eat free. Check out a restaurant's website, app and social media pages, where you may find coupons, deals for signing up for text or email alerts or various specials and promotions. Search your area for free things to do. Nearby colleges may have free concerts or speakers. Your local library has plenty of books to borrow at no cost and possibly other items, such as movies or yard games. When getting together with friends, consider hosting a pot luck or game night at home. Focus on free hobbies, such as taking a scenic walk or hike, exercising, reading a book, cooking, biking and craft projects you already own. If you needed some inspiration to help you save, how about getting paid to do so? For example, Iif you're in the market for a new checking account or savings account, consider if one that's currently offering a sign-up bonus is right for you. Choosing to keep your savings in a high-yield savings account with a competitive annual percentage yield (APY) means your money will earn more interest. While typically a lower APY, there are even checking accounts that pay interest as well. If you can lock up your money for a set term, consider a CD as well. Just keep in mind, unlike a savings account, a CD comes with an early withdrawal penalty if you need the money before the end of the term when your CD matures. Bankrate insight Planning for retirement sooner than later? If your employer offers a 401(k) match program, you can get free money just for adding to your retirement savings. Shopping smart isn't just about searching for the best deals. It's about maximizing the value of your dollars spent. Some ways you can do this include: Consider a no-spend challenge as you are trying to reach your $1,000 goal. Don't shop out of boredom or for entertainment. Focus on saving instead of spending. Take some time before you make a purchase. Some people choose to leave an item in the cart for 24 hours before they go back online to make their purchase. Compare prices at different stores. Use cash back apps or a cash-back debit card. Take advantage of loyalty programs. Buy in bulk, especially non-perishable items. Use digital coupons, through apps such as RetailMeNot or Honey. Shop second-hand when possible. That old camera or those jeans you've never worn can be turned into cash. By decluttering, you're not only tidying up, but also giving your savings a boost. Consider using an online marketplace, such as eBay or Poshmark, to sell everything from clothing to electronics. You can even sell unused gift cards. When you treat savings as an essential bill, it ensures that you're consistently stashing away a set amount of money. You can do this by having a portion of your account balance or paycheck automatically deducted and transferred into a savings account each month. Automated savings features may be available through your online banking system or a third-party savings app. Seeking out additional income doesn't necessarily mean you need a second job, though that's an option. Consider an opportunity such as freelancing, whereby you offer services in something you're skilled in. You could also take on as-needed work through the gig economy, such as by delivering food or doing tasks on TaskRabbit. When you break it down step by step, saving $1,000 becomes a more attainable goal. Whether you're saving for a specific event or just want to bolster your financial security, taking on a few different strategies can help get you there faster than you might think. Make sure you're storing your savings in an interest-bearing account with a high-yielding APY, such as a money market account or high-yield savings account, and understand how you can avoid paying unnecessary fees on the account. Sign in to access your portfolio
Business Upturn
4 days ago
- Business
- Business Upturn
IBTA LAWSUIT ALERT: Levi & Korsinsky Notifies Ibotta, Inc. Investors of a Class Action Lawsuit and Upcoming Deadline
NEW YORK, May 30, 2025 (GLOBE NEWSWIRE) — Levi & Korsinsky, LLP notifies investors in Ibotta, Inc. ('Ibotta' or the 'Company') (NYSE: IBTA) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Ibotta investors who were adversely affected by alleged securities fraud. This lawsuit is on behalf of persons or entities who purchased or otherwise acquired publicly traded Ibotta securities pursuant and/or traceable to documents issued in connection with Ibotta's April 18, 2024 initial public offering. Follow the link below to get more information and be contacted by a member of our team: Ibotta Lawsuit Submission Form IBTA investors may also contact Joseph E. Levi, Esq. via email at [email protected] or by telephone at (212) 363-7500. CASE DETAILS: According to the filed complaint, defendants made false statements and/or concealed that they did not properly warn investors of the risks concerning Ibotta's contract with The Kroger Co. ('Kroger'). Kroger's contract was at-will, and Ibotta failed to warn investors that a large client could cancel their contract with Ibotta without warning. Despite providing a detailed explanation of the terms of Ibotta's contract with Walmart, there was not a single warning of the at-will nature of Kroger's contract. Rather than disclosing the very real risk of a major client walking away at any time, Ibotta provided boilerplate warnings concerning the importance of maintaining ongoing relationships with their clients. WHAT'S NEXT? If you suffered a loss in Ibotta during the relevant time frame, you have until June 16, 2025 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. NO COST TO YOU: If you are a class member, you may be entitled to compensation without payment of any out-of-pocket costs or fees. There is no cost or obligation to participate. WHY LEVI & KORSINSKY: Over the past 20 years, the team at Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States. CONTACT:Levi & Korsinsky, LLP Joseph E. Levi, Korsinsky, Esq.33 Whitehall Street, 17th FloorNew York, NY 10004 [email protected] Tel: (212) 363-7500Fax: (212) 363-7171
