Los Angeles - (NewMediaWire) - May 25, 2021 - The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against ContextLogic Inc. (“ContextLogic” or “the Company”) (NASDAQ: WISH) for violations of the federal securities laws.

Investors who purchased the Company's shares pursuant and/or traceable to the Company’s December 16, 2020 initial public offering (the "IPO"), or between December 16, 2020, and May 12, 2021 both dates inclusive (the "Class Period"), are encouraged to contact the firm before July 16, 2021.    

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, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at brian@schallfirm.com.

The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.

According to the Complaint, the Company made false and misleading statements to the market. ContextLogic’s monthly active users (“MAUs”) for the fourth quarter of 2020 declined significantly and did not show signs of growing. Based on this fact, the Company’s public statements were false and materially misleading throughout the class period. When the market learned the truth about ContextLogic, investors suffered damages.

Join the case to recover your losses.

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.

CONTACT:

The Schall Law Firm
Brian Schall, Esq.,
www.schallfirm.com

Office: 310-301-3335

info@schallfirm.com

SOURCE:

The Schall Law Firm