The law firm of Kirby McInerney LLP is investigating potential claims against Eventbrite, Inc. (Eventbrite or the Company) (NYSE: EB). This investigation concerns whether Eventbrite has violated federal securities laws and/or engaged in other unlawful business practices.
On September 19, 2018, Eventbrite sold shares in its initial public offering (IPO) at $23 per share. In the IPO registration statement, Eventbrite stated that its acquisition of Ticketfly had a positive impact on our net revenue growth in the third quarter of 2017. On March 7, 2019, Eventbrite reported its annual financial results, and in a related conference call, Eventbrites Chief Executive Officer and co-founder, Julia Hartz, stated that the strategy to integrate Ticketfly will impact revenues in the short-term. On this news, shares of Eventbrite fell $7.96, approximately 24.6%, to close at $24.46 on March 8, 2019.
If you acquired Eventbrite securities, have information, or would like to learn more about these claims, please contact Thomas W. Elrod of Kirby McInerney LLP at 212-371-6600, by email at [email protected], or by filling out this contact form, to discuss your rights or interests with respect to these matters without any cost to you.
Kirby McInerney LLP is a New York-based plaintiffs law firm concentrating in securities, antitrust, and whistleblower litigation. The firms efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling billions of dollars. Additional information about the firm can be found at Kirby McInerney LLPs website: www.kmllp.com.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
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