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id: 309, Created by Stan Vick, Scout
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S.D. New YorkCourt
On March 10, 2022, Yatsen released disappointing financial results. The Company missed revenue estimates in its Q4 earnings and announced weak guidance for the next quarter.
On this news, Yatsen's stock price dropped over 39% and the Company lost more than $ 290 million of its capitalization in 1 day, seriously damaging investors.
Going back to 2021, Yatsen and its Leaders made investors believe that Perfect Diary and Little Ondine were thriving, thereby driving Yatsen’s top-line growth at the time of its IPO and quarter after quarter thereafter. In fact, cosmetic and skincare sales of Perfect Diary and Little Ondine products were declining in the period leading up to the IPO and throughout 2021.
All things considered, Investors have reasons to suspect that the Company has violated their fundamental rights by failing to provide or withhold material information.
Failure to Disclose,
Breach of Fiduciary duty,
Depository Securities (ADS, ADR, GDR)
Shock Event Date
10 March 2022