iQIYI (IQ) Alert: Johnson Fistel Investigates iQIYI, Inc.; Investors Suffering Losses Encouraged to Contact Firm
iQIYI, Inc. - American Depositary Shares (IQ)
Last iqiyi, inc. - american depositary shares earnings: 2/27 04:30 pm
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Source: PR Newswire
SAN DIEGO, April 9, 2020 /PRNewswire/ -- Shareholder rights law firm Johnson Fistel, LLP is investigating potential violations of the federal securities laws by iQIYI, Inc. ("iQIYI" or "the Company") (NASDAQ: IQ). On April 7, 2020, Wolfpack Research ("Wolfpack ") published a report entitled "iQIYI: The Netflix of China? Good Luckin." wherein Wolfpack detailed a series of alarming red flags about iQIYI.Specifically, Wolfpack, in its report, stated, "Our research shows us that iQIYI, Inc. ("IQ") was committing fraud well before its IPO in 2018 and has continued to do so ever since. Like so many other China-based companies who IPO with inflated numbers, IQ is unable to legitimately grow their business enough to true up their financial statements. We estimate IQ inflated its 2019 revenue by approximately RMB 8-13 billion, or 27%-44%".Following this news, the Company's stock price fell sharply on April 8, 2020.If you have information that could assist in this investigation, including past
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IQ
News
- iQIYI Launches Over 300 Titles at 2024 World Conference, Fueling Growth with Diverse Content and Robust IP MonetizationPR Newswire
- iQIYI Launches Over 300 Titles at 2024 World Conference, Fueling Growth with Diverse Content and Robust IP MonetizationPR Newswire
- Are Investors Undervaluing iQIYI (IQ) Right Now? [Yahoo! Finance]Yahoo! Finance
- China's ‘Netflix' iQiyi pivots toward an aging population in an AI era [CNBC]CNBC
- iQIYI to Report First Quarter 2024 Financial Results on May 16, 2024GlobeNewswire
IQ
Earnings
- 2/28/24 - Beat
IQ
Sec Filings
- 3/15/24 - Form 144
- 3/14/24 - Form 20-F
- 2/29/24 - Form 6-K
- IQ's page on the SEC website