Overview

• Amplitude, Inc. faces multiple class action lawsuits for allegedly misleading investors about its growth prospects and financial health.
• The lawsuits claim Amplitude's land-and-expand strategy was not as close to significantly boosting revenue as suggested, and its rapid growth in Q2 2021 was temporary.
• Investors were misled into believing in sustainable growth, leading to insider selling at inflated prices before a significant stock price drop in February 2022.
• Amplitude's stock plummeted over 58% following the announcement of its Q4 2021 results and revised 2022 fiscal guidance.
• Legal firms are urging affected investors to join the lawsuits to recover losses, with deadlines for lead plaintiff applications in April 2024.