Law Firm Frank R. Cruz Announces Investigation into Ibotta, Inc. (IBTA) on Behalf of Investors

The Law Offices of Frank R. Cruz announces an investigation into Ibotta, Inc. (“Ibotta” or the “Company”) (NYSE: IBTA) on behalf of investors regarding potential violations of federal securities laws by the Company.

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On August 13, 2024, Ibotta released its second quarter 2024 financial results, which showed a net loss of $34 million, a 19% decline in direct-to-consumer redemptions, and a 7% decline in direct-to-consumer redemptions.

On this news, Ibotta’s stock price fell by $15.53, or 26.7%, to close at $42.66 per share on August 14, 2024. This was detrimental to investors.

If you purchased Ibotta securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 2121 Avenue of the Stars, Suite 800, Century City, California 90067 at 310-914-5007, by email at [email protected], or visit our website at www.frankcruzlaw.com. If you inquire by email, please include your mailing address, telephone number and the number of shares purchased.

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