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Law firm investigates Amplitude over claims of securities fraud after profit guidance cut.

Market News
26 May 2026
GlobeNewsWire
View Source
Bearish
pluang ai news

Pomerantz LLP is investigating Amplitude, Inc. for potential securities fraud following the company's announcement on May 6, 2026, that it lowered its fiscal year 2026 non-GAAP operating income guidance significantly. This revision from $7-$13 million down to $2.5-$6.5 million led to a sharp 21.41% drop in Amplitude's stock price. The investigation focuses on whether Amplitude and its officers engaged in unlawful business practices related to this guidance cut and margin concerns. Investors affected by this are encouraged to contact Pomerantz LLP for possible class action participation.

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