Mark E. Zuckerberg, David M. Wehner, Facebook, Inc.

Class action on behalf of all persons and entities who purchased, or otherwise acquired, the publicly traded securities of Facebook, Inc. from October 1, 2017 through July 26, 2018, pursuant to Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.

Court Update:

Two securities class actions were filed in the Northern District of California in March of 2018 captioned Yuan v. Facebook, Inc., 5:18-cv-01725, and Bennett vs. Facebook, Inc., 5:18-cv-01868; On August 3, 2018 the Court consolidated these two actions and under the caption, In re Facebook Securities Litigation, No. 5:18-cv-01725 EJD (N.D. Cal).

In July 2018 two additional actions with similar allegations were filed against Facebook in the Southern District of New York, Kacouris vs. Facebook, Inc., 1:18-cv-06765 and Helms vs. Facebook, Inc., 1:18-cv-06774. The Kacouris and Helms actions were transferred to the Northern District of California case.

Publicly traded securities of Facebook, Inc.

The complaint alleges that Defendants made false and/or misleading statements and/or failed to disclose that: (i) Facebook violated its own purported data privacy policies by allowing third parties to access the personal data of millions of Facebook users without the users consent; (ii) discovery of the foregoing conduct would foreseeably subject the Company to heightened regulatory scrutiny; and (iii) as a result, Facebook’s public statements were materially false and misleading.

Class action on behalf of a class consisting of all persons other than Defendants who purchased or otherwise acquired common shares of Facebook between February 3, 2017 and March 19, 2018, pursuant to sections 10(b) and 20(a) of the Securities Exchange Act of 1934.