{"id":469137,"date":"2021-03-31T16:35:29","date_gmt":"2021-03-31T20:35:29","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=469137"},"modified":"2021-03-31T16:35:29","modified_gmt":"2021-03-31T20:35:29","slug":"roche-freedman-provides-class-action-update-to-investors-of-qutoutiao-inc","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/roche-freedman-provides-class-action-update-to-investors-of-qutoutiao-inc\/","title":{"rendered":"Roche Freedman Provides Class Action Update to Investors of Qutoutiao, Inc."},"content":{"rendered":"
\n

PR Newswire<\/p>\n<\/p><\/div>\n

\n

\n NEW YORK<\/span>, March 31, 2021<\/span> \/PRNewswire\/ — Roche Freedman LLP, a national shareholder rights litigation firm, represents Lead Plaintiff James Pappas in the federal securities class action, In re<\/i>\u00a0Qutoutiao, Inc. <\/i>Securities Litigation<\/i>, Case No. 1:20-cv-06707 (S.D.N.Y.).<\/p>\n

\n

\n
\n \"(PRNewsfoto\/Roche
\n <\/a>\n <\/p>\n<\/p><\/div>\n

Investors who purchased American Depository Shares (“ADSs”) of Qutoutiao, Inc. (“QTT”) in its September 2018<\/span> initial public offering (“IPO”) or April 2019<\/span> secondary public offering (“SPO”) are encouraged to contact the firm before May 10<\/span>, 2021.\u00a0 <\/p>\n

Mr. Pappas filed a Consolidated Amended Class Action Complaint for violations\u00a0of the federal securities laws\u00a0in this case on behalf of anyone who (a) purchased or otherwise acquired QTT ADSs\u00a0pursuant or traceable to its September 2018<\/span> IPO; (b) purchased or otherwise acquired QTT ADSs pursuant or traceable its April 2019<\/span> SPO; and\/or (c) purchased or otherwise acquired QTT securities\u00a0between September 14, 2018 and December 16, 2020, both dates inclusive\u00a0(the “Class Period”).<\/p>\n

QTT offers a mobile application called Qutoutiao, meaning “fun headlines” in Chinese, that provides a customized feed to its users of aggregated articles and short videos from professional media and freelancers. On September 14, 2018<\/span>, QTT\u00a0issued its IPO and sold 13.8 million ADSs at a price of $7<\/span>.00\u00a0per share. Then on April 5, 2019<\/span>, QTT issued its SPO and sold 3.3 million ADSs at $10\u00a0per share. <\/p>\n

The class action alleges that Defendants violated federal securities laws by issuing materially false and misleading information in QTT’s Offering Documents and in public statements during the Class Period. Specifically, the Amended Complaint alleges that Defendants made false and misleading statements that: (i) mischaracterized QTT’s targeting of users in Tier-3 and Tier-4 cities as due to their having more time and disposable income to spend on the internet when in fact, advertisers wanted to run non-compliant ads in those cities because regulators were more lenient and users were less aware of their rights in those cities; (ii) inaccurately described the benefits of, and reasons for, replacing QTT’s third-party advertising agent, Baidu, with Dianguan by not disclosing that the change allowed QTT to avoid the oversight Baidu had been providing which had prevented it from selling more non-compliant ads; (iii) misleadingly touted QTT’s advertising revenue without disclosing that a significant number of ads whose claims could not be substantiated and thus were considered false advertisements under applicable regulations or provided links to illegal online gambling platforms; (iv) misleadingly touted QTT’s 2017 and 2018 revenue without disclosing that the aggregate revenue of its subsidiaries reporting in China<\/span> was at least RMB 187.6 million<\/span> and RMB 620 million<\/span> less, respectively; (v) negligently promoted QTT’s ability to monetize user traffic without disclosing that such monetization required it to set up separate teams with different processes and procedures for qualified versus unqualified advertisers in order to sell non-compliant ads; and (vi) failed to adequately warn investors that certain “Risk Factors” listed in the Offering Documents had already materialized at the time of the Offerings as QTT was violating the applicable advertising laws and regulations by running non-compliant ads so QTT would inevitably face increasing regulatory scrutiny, reputational harm and decreased revenue when the truth became known.<\/p>\n

The truth was partially revealed on December 10<\/span>, 2019\u00a0through a report published by\u00a0Wolfpack Research entitled “QTT: Fake Revenue, Non-Existent Cash, Undisclosed Related Parties.” The Wolfpack Report alleged,\u00a0among other things, that (1) QTT’s “revenue is generated solely by the accounting department” so only RMB 798 million<\/span> of its RMB 3.02 billion<\/span> reported revenue was actual revenue and (2) QTT “exists to enrich its Founder and CEO, Eric Tan<\/span>, and promote his VC fund’s other ventures by creating its own in-house ‘advertising agent’ in order to direct significant amounts of ad traffic to undisclosed\u00a0related parties owned by Tan” and remove restrictions that had been preventing QTT from doing so, thereby “perpetrat[ing]\u00a0the unmitigated ad fraud that [Wolfpack] observed in [its] sample.” On this news, QTT’s share price fell 4%\u00a0to close at $2.86<\/span> per share on December 11, 2019<\/span>, on heavy trading volume.<\/p>\n

Then on July 15, 2020<\/span>, the truth about QTT’s revenue was further revealed when China’s<\/span> state-controlled broadcaster, CCTV,\u00a0aired its annual show documenting the use of improper\u00a0ads on QTT’s\u00a0platform (the “CCTV Expos\u00e9”). The CCTV Expos\u00e9 resulted in the temporary suspension of the QTT App\u00a0from Chinese app stores.\u00a0On these revelations, the price of QTT’s ADSs fell more than 24%. Further, the CCTV Expos\u00e9 forced QTT\u00a0to finally come clean and enact remedial measures to halt its illegal practices. <\/p>\n

As a result,\u00a0on December\u00a016, 2020, QTT had to report that its revenue for the third quarter of 2020 had plummeted, dropping 19.7% year-over-year with a remarkable 23.1% drop in advertising revenue. The year-over-year growth justifying investors’ interest was gone, replaced with a revenue decline. As QTT conceded, this significant revenue drop, which caused the ADS price to fall by another 24%, was due to the “remedial measures undertaken by [QTT] in response to the report by [CCTV] on certain advertisements.” Simply put, QTT had been caught with its hand in the cookie jar. And the stark drop in revenue following QTT’s corrective actions unequivocally confirms that\u2014contrary to its Offering Documents and other Class Period statements\u2014the use of nonconforming advertisements had been central to QTT’s plan for revenue growth. Defendants’ false and material misstatements caused a significant decline in the value of QTT’s securities and resulted in millions of dollars in losses to investors.<\/p>\n

Roche Freedman LLP is actively investigating the wrongdoings alleged in the Amended Complaint. If you believe you have suffered damages as a result of Defendants violations of the federal securities laws or have\u00a0further inquiries regarding this matter, please contact Vel Freedman<\/span> (vel@rcfllp.com<\/a>)\u00a0at (305) 306-9211, Ivy T. Ngo<\/span> (Ingo@rcfllp.com<\/a>)\u00a0at (646) 876-3568,\u00a0or Constantine Economides<\/span> (Ceconomides@rcfllp.com<\/a>)\u00a0at (305) 851-5997.<\/p>\n

<\/div>\n

\n \"Cision\" View original content to download multimedia:http:\/\/www.prnewswire.com\/news-releases\/roche-freedman-provides-class-action-update-to-investors-of-qutoutiao-inc-301260050.html<\/a><\/p>\n

SOURCE Roche Freedman LLP<\/p>\n<\/p><\/div>\n

\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

PR Newswire NEW YORK, March 31, 2021 \/PRNewswire\/ — Roche Freedman LLP, a national shareholder rights litigation firm, represents Lead Plaintiff James Pappas in the federal securities class action, In re\u00a0Qutoutiao, Inc. Securities Litigation, Case No. 1:20-cv-06707 (S.D.N.Y.). Investors who purchased American Depository Shares (“ADSs”) of Qutoutiao, Inc. (“QTT”) in its September 2018 initial public offering (“IPO”) or April 2019 secondary public offering (“SPO”) are encouraged to contact the firm before May 10, 2021.\u00a0 Mr. Pappas filed a Consolidated Amended Class Action Complaint for violations\u00a0of the federal securities laws\u00a0in this case on behalf of anyone who (a) purchased or otherwise acquired QTT ADSs\u00a0pursuant or traceable to its September 2018 IPO; (b) purchased or otherwise acquired QTT ADSs pursuant or traceable … <\/p>\n

Continue reading “Roche Freedman Provides Class Action Update to Investors of Qutoutiao, Inc.”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-469137","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nRoche Freedman Provides Class Action Update to Investors of Qutoutiao, Inc. - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/roche-freedman-provides-class-action-update-to-investors-of-qutoutiao-inc\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Roche Freedman Provides Class Action Update to Investors of Qutoutiao, Inc. - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire NEW YORK, March 31, 2021 \/PRNewswire\/ — Roche Freedman LLP, a national shareholder rights litigation firm, represents Lead Plaintiff James Pappas in the federal securities class action, In re\u00a0Qutoutiao, Inc. Securities Litigation, Case No. 1:20-cv-06707 (S.D.N.Y.). Investors who purchased American Depository Shares (“ADSs”) of Qutoutiao, Inc. (“QTT”) in its September 2018 initial public offering (“IPO”) or April 2019 secondary public offering (“SPO”) are encouraged to contact the firm before May 10, 2021.\u00a0 Mr. Pappas filed a Consolidated Amended Class Action Complaint for violations\u00a0of the federal securities laws\u00a0in this case on behalf of anyone who (a) purchased or otherwise acquired QTT ADSs\u00a0pursuant or traceable to its September 2018 IPO; (b) purchased or otherwise acquired QTT ADSs pursuant or traceable … Continue reading "Roche Freedman Provides Class Action Update to Investors of Qutoutiao, Inc."\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/roche-freedman-provides-class-action-update-to-investors-of-qutoutiao-inc\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-03-31T20:35:29+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mma.prnewswire.com\/media\/1154499\/Roche_Cyrulnik_Freedman_Logo.jpg\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/roche-freedman-provides-class-action-update-to-investors-of-qutoutiao-inc\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/roche-freedman-provides-class-action-update-to-investors-of-qutoutiao-inc\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Roche Freedman Provides Class Action Update to Investors of Qutoutiao, Inc.\",\"datePublished\":\"2021-03-31T20:35:29+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/roche-freedman-provides-class-action-update-to-investors-of-qutoutiao-inc\\\/\"},\"wordCount\":956,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/roche-freedman-provides-class-action-update-to-investors-of-qutoutiao-inc\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/mma.prnewswire.com\\\/media\\\/1154499\\\/Roche_Cyrulnik_Freedman_Logo.jpg\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/roche-freedman-provides-class-action-update-to-investors-of-qutoutiao-inc\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/roche-freedman-provides-class-action-update-to-investors-of-qutoutiao-inc\\\/\",\"name\":\"Roche Freedman Provides Class Action Update to Investors of Qutoutiao, Inc. - Market Newsdesk\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/roche-freedman-provides-class-action-update-to-investors-of-qutoutiao-inc\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/roche-freedman-provides-class-action-update-to-investors-of-qutoutiao-inc\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/mma.prnewswire.com\\\/media\\\/1154499\\\/Roche_Cyrulnik_Freedman_Logo.jpg\",\"datePublished\":\"2021-03-31T20:35:29+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/roche-freedman-provides-class-action-update-to-investors-of-qutoutiao-inc\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/roche-freedman-provides-class-action-update-to-investors-of-qutoutiao-inc\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/roche-freedman-provides-class-action-update-to-investors-of-qutoutiao-inc\\\/#primaryimage\",\"url\":\"https:\\\/\\\/mma.prnewswire.com\\\/media\\\/1154499\\\/Roche_Cyrulnik_Freedman_Logo.jpg\",\"contentUrl\":\"https:\\\/\\\/mma.prnewswire.com\\\/media\\\/1154499\\\/Roche_Cyrulnik_Freedman_Logo.jpg\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/roche-freedman-provides-class-action-update-to-investors-of-qutoutiao-inc\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Roche Freedman Provides Class Action Update to Investors of Qutoutiao, Inc.\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#website\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/\",\"name\":\"Market Newsdesk\",\"description\":\"Latest Business News in Real Time\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\",\"name\":\"Newsdesk\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g\",\"caption\":\"Newsdesk\"},\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/author\\\/newsdesk\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Roche Freedman Provides Class Action Update to Investors of Qutoutiao, Inc. - Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/roche-freedman-provides-class-action-update-to-investors-of-qutoutiao-inc\/","og_locale":"en_US","og_type":"article","og_title":"Roche Freedman Provides Class Action Update to Investors of Qutoutiao, Inc. - Market Newsdesk","og_description":"PR Newswire NEW YORK, March 31, 2021 \/PRNewswire\/ — Roche Freedman LLP, a national shareholder rights litigation firm, represents Lead Plaintiff James Pappas in the federal securities class action, In re\u00a0Qutoutiao, Inc. Securities Litigation, Case No. 1:20-cv-06707 (S.D.N.Y.). Investors who purchased American Depository Shares (“ADSs”) of Qutoutiao, Inc. (“QTT”) in its September 2018 initial public offering (“IPO”) or April 2019 secondary public offering (“SPO”) are encouraged to contact the firm before May 10, 2021.\u00a0 Mr. Pappas filed a Consolidated Amended Class Action Complaint for violations\u00a0of the federal securities laws\u00a0in this case on behalf of anyone who (a) purchased or otherwise acquired QTT ADSs\u00a0pursuant or traceable to its September 2018 IPO; (b) purchased or otherwise acquired QTT ADSs pursuant or traceable … Continue reading \"Roche Freedman Provides Class Action Update to Investors of Qutoutiao, Inc.\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/roche-freedman-provides-class-action-update-to-investors-of-qutoutiao-inc\/","og_site_name":"Market Newsdesk","article_published_time":"2021-03-31T20:35:29+00:00","og_image":[{"url":"https:\/\/mma.prnewswire.com\/media\/1154499\/Roche_Cyrulnik_Freedman_Logo.jpg","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/roche-freedman-provides-class-action-update-to-investors-of-qutoutiao-inc\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/roche-freedman-provides-class-action-update-to-investors-of-qutoutiao-inc\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Roche Freedman Provides Class Action Update to Investors of Qutoutiao, Inc.","datePublished":"2021-03-31T20:35:29+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/roche-freedman-provides-class-action-update-to-investors-of-qutoutiao-inc\/"},"wordCount":956,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/roche-freedman-provides-class-action-update-to-investors-of-qutoutiao-inc\/#primaryimage"},"thumbnailUrl":"https:\/\/mma.prnewswire.com\/media\/1154499\/Roche_Cyrulnik_Freedman_Logo.jpg","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/roche-freedman-provides-class-action-update-to-investors-of-qutoutiao-inc\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/roche-freedman-provides-class-action-update-to-investors-of-qutoutiao-inc\/","name":"Roche Freedman Provides Class Action Update to Investors of Qutoutiao, Inc. - Market Newsdesk","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/roche-freedman-provides-class-action-update-to-investors-of-qutoutiao-inc\/#primaryimage"},"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/roche-freedman-provides-class-action-update-to-investors-of-qutoutiao-inc\/#primaryimage"},"thumbnailUrl":"https:\/\/mma.prnewswire.com\/media\/1154499\/Roche_Cyrulnik_Freedman_Logo.jpg","datePublished":"2021-03-31T20:35:29+00:00","author":{"@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"breadcrumb":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/roche-freedman-provides-class-action-update-to-investors-of-qutoutiao-inc\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.marketnewsdesk.com\/index.php\/roche-freedman-provides-class-action-update-to-investors-of-qutoutiao-inc\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/roche-freedman-provides-class-action-update-to-investors-of-qutoutiao-inc\/#primaryimage","url":"https:\/\/mma.prnewswire.com\/media\/1154499\/Roche_Cyrulnik_Freedman_Logo.jpg","contentUrl":"https:\/\/mma.prnewswire.com\/media\/1154499\/Roche_Cyrulnik_Freedman_Logo.jpg"},{"@type":"BreadcrumbList","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/roche-freedman-provides-class-action-update-to-investors-of-qutoutiao-inc\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.marketnewsdesk.com\/"},{"@type":"ListItem","position":2,"name":"Roche Freedman Provides Class Action Update to Investors of Qutoutiao, Inc."}]},{"@type":"WebSite","@id":"https:\/\/www.marketnewsdesk.com\/#website","url":"https:\/\/www.marketnewsdesk.com\/","name":"Market Newsdesk","description":"Latest Business News in Real Time","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.marketnewsdesk.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979","name":"Newsdesk","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g","caption":"Newsdesk"},"url":"https:\/\/www.marketnewsdesk.com\/index.php\/author\/newsdesk\/"}]}},"_links":{"self":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/posts\/469137","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/comments?post=469137"}],"version-history":[{"count":0,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/posts\/469137\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/media?parent=469137"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/categories?post=469137"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/tags?post=469137"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}