INVESTOR ALERT: Law Firms of Howard G. Smith Announces Investigation of Unity Software Inc. (U) on Behalf of Investors

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BENSALEM, Pa.–(BUSINESS WIRE)–Howard G. Smith Law Firm Announces Investigation on Behalf of Unity Software Inc. (“Unity” or the “Company”) (NYSE:U) investors regarding possible violations by the Company of federal securities laws.

On May 10, 2022, after the market closed, Unity announced its first quarter 2022 financial results. The company also cut its guidance for fiscal 2022 “due to issues with monetization products”. More specifically, “a defect of [Unity’s] Platform . . . resulted in reduced accuracy for [its] Audience Pinpointer tool, a revenue-intensive problem given that [the] The Pinpointer tool has seen significant growth after the IDFA changes. »

On this news, Unity stock fell $17.83, or 37%, to close at $30.30 per share on May 11, 2022, hurting investors.

If you have purchased Unity titles, have information or want to know more about these claims, or have any questions regarding this announcement or your rights or interests in these matters, please contact Howard G. Smith, Esquire, Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by phone at (215) 638-4847, toll free at (888) 638-4847, or by email at [email protected] .com, or visit our website at www.howardsmithlaw.com.

This press release may be considered attorney advertising in certain jurisdictions under applicable law and ethics rules.


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