Hi, what is going on with Lightspeed. Can it recover class action lawsuit? what to expect?

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Asked on November 19, 2021 2:04 pm
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Hey there. The stock is under significant pressure due to the short seller report and a quarter in which it saw a bit of slowing growth. The class action lawsuits are a very common thing when short reports are issued, and the vast majority of time they are a non-event. We can see law firms who are targeting Lightspeed are also targeting stocks like Zillow and Peloton. They're best ignored.

Long term, I am a holder of Lightspeed and do not plan to sell any shares. This is a stock that has considerable volatility. If you're going to invest in the company, you have to accept the fact that this type of price movement can happen.

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Posted by Dan Kent
Answered on November 21, 2021 3:23 pm