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Cardlytics, Inc. Company Investigated by the Portnoy Law Firm

1. Portnoy Law Firm investigates potential securities fraud involving Cardlytics. 2. Cardlytics experienced a 9% revenue decline year-over-year. 3. Stock dropped 57.1% following second quarter results announcement. 4. Investors encouraged to discuss legal options to recover losses. 5. Firm claims to have recovered over $5.5 billion for investors.

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FAQ

Why Very Bearish?

The investigation suggests potential legal troubles for CDLX, reminiscent of other stocks facing lawsuits which typically see price declines.

How important is it?

The potential for a class action lawsuit can significantly impact investor confidence and stock performance.

Why Short Term?

Immediate investor concerns about fraud could lead to rapid stock price reactions.

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CDLX
LOS ANGELES, Jan. 14, 2025 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Cardlytics, Inc. (“Cardlytics” or “the Company”) (NASDAQ: CDLX) investors that the firm has initiated an investigation into possible securities fraud and may file a class action on behalf of investors. Cardlytics investors that lost money on their investment are encouraged to contact Lesley Portnoy, Esq. Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 310-692-8883 or email: info@portnoylaw.com, to discuss their legal rights, or click here to join the case. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors’ options for pursuing claims to recover their losses. On August 7, 2024, after market hours, Cardlytics reported its financial results for the second quarter of 2024. Notably, the company announced a 9% year-over-year decline in revenue. In discussing the results, Cardlytics’ Chief Financial Officer stated that “[w]hile we observed strong growth in redemptions, our results were challenged by slower-than-anticipated billings growth coupled with higher consumer incentives. We remain confident that our improved balance sheet continues to support investment in the business.” Following this announcement, Cardlytics' stock price dropped 57.1% on August 8, 2024. Please visit our website to review more information and submit your transaction information. The Portnoy Law Firm represents investors in pursuing claims against caused by corporate wrongdoing. The Firm’s founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes. Lesley F. Portnoy, Esq.Admitted CA, NY and TX Barslesley@portnoylaw.com310-692-8883www.portnoylaw.com Attorney Advertising

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