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Stock impact report

SHAREHOLDER ALERT: Nextdoor Holdings Sued for Securities Law Violations; Investors Should Contact Block & Leviton for More Information

Nextdoor Holdings, Inc. (KIND) 
Company Research Source: GlobeNewswire
BOSTON, March 27, 2024 (GLOBE NEWSWIRE) -- A class action lawsuit has been filed against Nextdoor Holdings, Inc. (NYSE: KIND) for securities law violations. Investors who purchased shares and have lost money are encouraged to contact the firm to learn more about how they might recover those losses. For more details, visit https://www.blockleviton.com/cases/kind. What is this all about? The lawsuit alleges that Nextdoor’s financial results prior to its merger with a blank check company had been temporarily inflated by the effects of the COVID-19 pandemic, which pulled forward demand and cannibalized future advertising revenue growth. Additionally, Nextdoor’s total addressable market is alleged to have been materially smaller than the 312 million households represented to investors. Who is eligible? Anyone who purchased Nextdoor Holdings, Inc. stock between July 6, 2021 and November 8, 2022, and has lost money may be eligible, whether or not they have sold their investment. Invest Show less Read more
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