Kacouris accuses Facebook and its two top-managers of making misleading statements or failing to disclose slowing revenue growth, falling operating margins and declines in active users.
According to the complainant, the marketplace was "shocked" when "the truth" began to emerge on Wednesday from the Menlo Park, California-based company.
Facebook founder and CEO Mark Zuckerberg lost United States dollars $15.7 billion today as Facebook stocks plummeted by 19%, reports CNN. The company was worth over 630 billion dollars the previous day.
Facebook's legal storm seems endless, considering it has already faced dozens of lawsuits following its mishandling of user data.
Facebook's stock plunge is deemed the biggest single-day loss in terms of individual stock in history.
Facebook's shares fell 20 per cent on Thursday and $150 billion was wiped off its market value but it remains the dominant social media player.
Mr Buffett now ranks third among the world's billionaires, while Mr Zuckerberg is sixth.
Slowing revenue growth initially pulled the stock down almost 9 in after-hours trading on Wednesday before losses picked up on the margin outlook.
Indeed, the shocking decline in the values has, for the first time, triggered off discontent among Facebook stockholders, some of who are wondering whether it's time for a change in leadership at the company.
Currently, its stocks are at US$174.89 down 0.78 per cent.
Economists and investors cautioned against putting too much weight on the growth, which matched expectations, as the trade-related boost is expected to unwind later this year. Scott Kessler, a representative from CFRA Research commented on the issue: "Legal/regulatory developments have led to changes meant to support FB's platform and users, but they will notably restrain growth and profits for at least the next couple of quarters, in our opinion".
Ecuador's President Lenn Moreno said the life of the WikiLeaks founder would have to be guaranteed if he is to be released. A source with detailed knowledge of the case said yesterday: "I expect (Assange) to lose his asylum status imminently.
The fact that the moon appeared so small and took longer to pass through Earth's shadow was also why the eclipse lasted longer. The red sheen that the moon will take on is entirely dependent on how much dust is in the Earth's atmosphere.
Tamimi had been filmed assaulting Israeli soldiers in December 2017 and was arrested a few days afterwards. Which means that she will probably be at it again soon - at least as long as she hasn't hit age 18.
The Japan global has scored 20 league goals in 66 appearances for the German side after signing for them in 2015 from Tokyo. The move is subject to Muto receiving a work permit to play in England, the club said.
Woman who Suffered Skydiving Accident Returning to Scene of Injury: 'I Have No Idea how it's Going to Make Me ... According to Rojas, Sombra has an incredible sense of smell, beyond that of other sniffer dogs .
The ice on Mars would also shield the Martian lake from the damaging radiation that bombards the planet's surface. An artist's impression of the Mars Express spacecraft probing the southern hemisphere of the planet.
The only app Facebook-owned app that runs unhindered in China too was blocked at the beginning of September past year . China has quickly pulled approval for Facebook (NASDAQ:FB) to open a local subsidiary, The New York Times reports .
Mission: Impossible - Fallout , which was partially shot in Queenstown, opens in NZ cinemas this Thursday. Here We Go Again, which fell 57 per cent in its second weekend in theatres, to earn U.S. $15 million.
The Blues believes that Hazard is worth more than Neymar and therefore will sell him at a price worth £200 million. There is also a great possibility that he could join Real Madrid , which would be really good for his career.
But Priyanka's exit isn't the only thing that is holding the film - which is being shot in part in the United Kingdom - back. The words, " Priyanka Chopra and Nick Jonas are engaged" has created a storm on the national as well as global tabloids.
In extreme theories, he has suggested that the September 11, 2001, attacks on NY and Washington were staged by the government. The suspension does not stop other page administrators from posting to his personal page or the page of Infowars .
But, the commission said, Charter soon missed its first deadline to expand its network to an additional 36,250 homes by May 2017. Today in a move many didn't think would happen NY ordered Chater to leave the state.
According to Ellingworth, that victory ahead of two-time Tour de France victor Alberto Contador was a turning point. Geraint Thomas savoured victory in the Tour de France with a glass of champagne on the road in to Paris on Sunday.
Daniel Ives, chief strategy officer at GBH Insights, said Amazon's profitability appears to be accelerating faster than expected. In percentage terms, that's the slowest growth for the first half of the year since the depths of the financial crisis in 2009.
Dramatic video posted on social media showed damaged buildings, orange smoke-filled skies, and people fleeing the fires by auto . Over 400 firefighters have battled the blazes, along with seven water-dropping helicopters and three firefighting aircraft.
In 2004, a devastating magnitude 9.3 undersea quake off the coast of the western Indonesian island of Sumatra triggered tsunamis. A magnitude 6.4 quake has struck the Indonesian island of Lombok, a popular tourist destination, the US Geological Survey says.
Polar bears have been protected in Norway since 1973 and almost 1,000 were counted on Svalbard during a 2015 census. A photograph shows a polar bear lying lifeless on a beach; mouth slightly agape, a ring of blood on its neck.
Asked who he would vote for, the veteran leader was every clear that it would not be his successor Emmerson Mnangagwa . Mugabe, 94, until his overthrow by the military in November last year, ruled Zimbabwe for almost 37 years.
While Trump favors free trade, he is using tariffs as leverage to secure better deals for American companies. Recently, Trump has threatened a 25% tariff on European autos, a warning that seems to have been staved off.
Never in trouble, never stressed, and a calm, sensible afternoon's work with the largest winning time margin of the season so far. It was a critical error that could have cost Vettel second place - but he fought back and passed Bottas with five laps to go.
On Earth, the earliest evidence of life can be traced to cyanobacteria fossils between 3.5 billion and 3.8 billion years old. The study concluded that various environmental conditions could have existed on the Moon, at two points in history.
Friday's tweet storm from the President included another denunciation of Mueller's investigation as "the rigged Witch Hunt". Both women said they had affairs with the president, both happening around the time of the birth of Trump's son, Barron.
A blood moon is seen from the Prambanan temple in Yogyakarta, Indonesia, early Saturday, July 28, 2018, during a lunar eclipse . Incredibly, the Moon was entirely in Earth's shadow (totality), turning it a dark blood red, for a full 1 hour and 43 minutes.
President Trump is scheduled to campaign for 39-year-old DeSantis amongst other Florida Republicans in Tampa next week. Bernie Sanders' presidential campaign and a favorite of left-wing Democrats, smacked back on Twitter .