Amplitude, Inc. Faces Multiple Class Action Lawsuits Over Securities Violations

Investors allege misleading statements and inflated stock prices during the class period of September 2021 to February 2022.

Multiple law firms have filed class action lawsuits against Amplitude, Inc., alleging securities law violations.
Investors claim they were misled by the company's optimistic financial projections and land-and-expand strategy.
Amplitude's stock price plummeted by approximately 58.9% following the revelation of its revised 2022 revenue projections.
The lawsuits allege that Amplitude's business, operations, and financial prospects were materially misrepresented to investors.
Investors have until April 15, 2024, to apply for lead plaintiff status in the lawsuit.