Legal Proceedings
+Added: On November 11, 2021, we, and certain of our officers, were named as defendants in a federal securities class action lawsuit filed in the United States District Court Central District of California.
+Added: The lawsuit was purportedly brought on behalf of purchasers of our Class A common stock.
+Added: The lawsuit alleges that we and certain of our officers made false or misleading statements and omissions concerning the impact that Apple’s App Tracking Transparency framework would have on our business.
+Added: Defendants seek monetary damages and other relief.
+Added: We believe we have meritorious defenses to this lawsuit, and continue to defend the lawsuit vigorously.
We are currently involved in, and may in the future be involved in, legal proceedings, claims, inquiries, and investigations in the ordinary course of our business, including claims for infringing intellectual property rights related to our products and the content contributed by our users and partners.
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Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.