Qutoutiao Inc. Investors Who Have Suffered Significant Losses

Qutoutiao Inc. Investors Who Have Suffered Significant Losses

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Kehoe Law Firm, P.C. is investigating potential securities claims on behalf of investors of Qutoutiao Inc. (“Qutoutiao” or the “Company”) (NASDAQ: QTT) to determine whether the Company engaged in securities fraud or other unlawful business practices. 

Qutoutiao investors who purchased, or otherwise acquired, the Company’s common stock pursuant to and/or traceable to the Company’s September 2018 Initial Public Offering and/or between September 14, 2018 and July 15, 2020, inclusive (the “Class Period”), and suffered losses greater than $50,000 are encouraged to complete Kehoe Law Firm’s Securities Class Action Questionnaire or contact Kevin Cauley, Director, Business Development, (215) 792-6676, Ext. 802, [email protected], [email protected], to discuss the securities investigation or potential legal claims.

According to a class action lawsuit, during the Class Period, the Qutoutiao defendants made false and/or misleading statements and/or failed to disclose that (1) Qutoutiao replaced its advertising agent with a related party, thereby bypassing third-party oversight of the content and quality of the advertisements; (2) the Company placed advertisements on its mobile app for products whose claims could not be substantiated and, thus. were considered false advertisements under applicable regulations; (3) as a result, the Company would face increasing regulatory scrutiny and reputational harm; (4) as a result, Qutoutiao’s advertising revenue was reasonably likely to decline; and (5) as a result of the foregoing, the Qutoutiao Defendants’ positive statements about the Company’s business, operations, and prospects, were materially misleading and/or lacked a reasonable basis.

Kehoe Law Firm, P.C.