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Stock impact report

INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against iQIYI, Inc. and Encourages Investors with Losses of $100,000 to Contact the Firm

iQIYI, Inc. - American Depositary Shares (IQ) 
Last iqiyi, inc. - american depositary shares earnings: 2/27 04:30 pm Check Earnings Report
Company Research Source: Business Wire
LOS ANGELES--(BUSINESS WIRE)--The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of iQIYI, Inc. (“iQIYI” or “the Company”) (NASDAQ: IQ) for violations of the securities laws.The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. iQIYI is the subject of a report by Wolfpack Research released on April 7, 2020. According to the report, “IQ was committing fraud well before its IPO in 2018 and has continued to do so ever since.” Wolfpack Research alleges that the Company inflated its 2019 revenue figure by 27% to 44% and overstating its user numbers by 42% to 60%. Based on this report, shares of iQIYI fell sharply in intraday trading on April 8, 2020.If you are a shareholder who suffered a loss, click here to participate.We also encourage you to contact Brian Schall of the Schall Law Firm, 1880 Century Park E Show less Read more
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