r/LINEwebtoon
▲ 8 r/LINEwebtoon
Webtoon Entertainment ($WBTN) Agreed to Settle $10.05M With Investors over Revenue Growth Claims
Hey guys, if you missed it, Webtoon just agreed to settle $10.05M with investors over claims that it misled the market about its revenue growth and financial health. The agreement has already been submitted to the court for final approval.
In a nutshell, Webtoon was accused of overstating its growth prospects and failing to fully disclose declining revenue and foreign currency risks. On August 8, 2024, the company reported just 0.1% revenue growth, declines in advertising and IP adaptation revenue, and a $76.6M net loss. $WBTN fell 38.2% the next day.
The company has now agreed to settle $10.05M with investors. If you bought $WBTN in 2024, you may be eligible to participate - check your eligibility and file a claim here
Anyone here invested in $WBTN at the time? How much were your losses?
u/11thestate — 9 days ago
THE COST OF TOMORROW This comic will make your day better!
THE COST OF TOMORROW has officially made its way to WEBTOON, and this is only the beginning.
📖 Read the chapters. ❤️ Like them. 💬 Leave your thoughts and theories in the comments. 📢 Share it with your friends.
Every read, every like, and every comment helps this dream reach more people.
Let's take The Cost Of Tomorrow even further. 🖤
u/Mangaverse_studio — 12 days ago
Webcomic shill
I don't really like shilling for myself, but no one will ever see this thing if I do nothing.
Obviously, it's early, but it's a work in progress.
I'm open to comments, constructive criticism, etc. for future episodes.
Alternatively, I post it and other art to my deviantart page: Deviantart page
u/Saga-theShapeshifter — 12 days ago