Beyond, Inc. (NYSE: BYON)

This investigation is for anyone who acquired securities in Beyond, Inc. (NYSE: BYON) from December 4, 2023 through May 6, 2024.

The Law Offices of Howard G. Smith believes that the Company and certain of its executives violated federal law. Specifically, the Law Offices of Howard G. Smith believes that, throughout the time period mentioned above, the Company misled investors regarding its financial condition. More specifically, the Law Offices of Howard G. Smith believes that the Company misled investors by stating that the Company would achieve achieve $2 billion in annualized revenue in 2024 despite knowing that doing so was not possible.

On May 6, 2024, after the market closed, Beyond announced the Company’s first quarter 2024 financial results, revealing first quarter total net revenue of $382 million, an increase of only 0.3% year-over-year, and a first quarter net loss of $74 million. The Company also declined to reiterate its previously issued goal to achieve $2 billion of revenue in 2024 and a $3 billion revenue run rate by the end of 2025. On this news, the price of the Company’s stock dropped precipitously on unusually heavy trading volume.

The Law Offices of Howard G. Smith seeks to recover damages on behalf of class members. If you acquired securities in Beyond, Inc. (NYSE: BYON) from December 4, 2023 through May 6, 2024 you may join the lawsuit by submitting your information online, or you may call the Law Offices of Howard G. Smith and speak to Mr. Smith directly to learn how he can protect your rights.