IBTA Investors Get Opportunity to Participate in Ibotta, Inc. Securities Fraud Investigation with Schall Law Firm

Schall Law Firm, a national law firm focused on shareholder rights litigation, announces that it is investigating claims alleging violations of the securities laws on behalf of investors of Ibotta, Inc. (“Ibotta” or “the Company”) (NYSE: IBTA).

The investigation focuses on whether the company made false and/or misleading statements and/or failed to disclose information relevant to investors. Ibotta reported its second quarter 2024 financial results on August 13, 2024. The company reported a net loss of $34 million, driven by a doubling of operating expenses. The company also provided a third quarter revenue forecast that was lower than analysts’ estimates. On this news, Ibotta’s shares fell sharply the following day.