San Diego, CA -- (SBWIRE) -- 05/17/2023 -- An investigation was announced for investors in shares of ZipRecruiter, Inc. (NYSE: ZIP) over potential breaches of fiduciary duties by certain directors at ZipRecruiter, Inc.

Investors who purchased shares of ZipRecruiter, Inc. (NYSE: ZIP) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm concerns whether certain ZipRecruiter, Inc. directors breached their fiduciary duties and caused damage to the company and its shareholders.

Santa Monica, CA based ZipRecruiter, Inc., together with its subsidiaries, operates a marketplace that connects job seekers and employers. ZipRecruiter, Inc. reported that its annual Total Revenue rose from $418.14 million in 2020 to $741.14 million in 2021, and that its Net Income declined from $86.04 million in 2020 to $3.6 million in 2021.

On February 21, 2023, ZipRecruiter, Inc. announced its financial results for the fourth quarter and full year 2022, as well as providing guidance for the first quarter and full year 2023. Among other items, ZipRecruiter, Inc. reported quarterly and annual guidance that fell significantly below expectations, as well as fourth-quarter 2022 revenue that represented a 4% decline from the same period in the prior year.

Shares of ZipRecruiter, Inc. (NYSE: ZIP) declined from $24.05 per share on February 15, 2023, to $13.68 per share on March 15, 2023.

Those who purchased shares of ZipRecruiter, Inc. (NYSE: ZIP) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

About The Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.