PayPal Already Faces Class-Action Suit -- It involved Bot users and inactive accounts...

Is this recent "accidental release" being used as cover to drop fake bot accounts in the middle of a mass exodus?

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Robbins Geller Rudman & Dowd LLP announces that purchasers of PayPal Holdings, Inc. (NASDAQ: PYPL) common stock between February 3, 2021 and February 1, 2022, both dates inclusive (the “Class Period”) have until December 5, 2022 to seek appointment as lead plaintiff in the PayPal class action lawsuit.

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Captioned Defined Benefit Plan of the Mid-Jersey Trucking Industry and Teamsters Local 701 Pension and Annuity Fund v. PayPal Holdings, Inc., No. 22-cv-05864 (D.N.J.), the PayPal class action lawsuit charges PayPal and certain of its top executives with violations of the Securities Exchange Act of 1934.

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The PayPal class action lawsuit alleges that PayPal throughout the Class Period touted the growth in its Net New Active Accounts (“NNAs”) and instructed investors to value the high growth in this metric as one of the most important indicators of how PayPal was performing.

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In addition, the PayPal class action lawsuit alleges that investors were unaware of the lengths PayPal was going to keep inactive customers and fake bot accounts on the platform to prevent churn and inflate its NNA guidance which would have provided a more realistic view of the true demand for PayPal’s platform.

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Weird Timing to release a document that would lead to mass account closures by "accident."

It would be difficult to distinguish any bot account closures from all of the others when discovery is asked for in a lawsuit.
Did you think Twatter was the only one?

Docket
Summarized Complaint