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Winklevosses' Gemini Space Station sued by shareholders over strategy, departures
- On March 19, 2026, Hagens Berman filed and the Portnoy Law Firm issued a notice in Methvin v. Gemini, alleging fraud against Gemini Space Station, Inc. .
- Facing investor scrutiny, Gemini announced on February 5, 2026, a pivot to 'Gemini 2.0' that overstated its core business viability and planned exits from the U.K., EU, and Australia.
- On February 17, 2026, Gemini announced the departures of Marshall Beard, Dan Chen, and Tyler Meade alongside preliminary unaudited FY2025 estimates showing $165 million to $175 million revenue and $520 million to $530 million expenses.
- Following disclosures and a projected $602 million net loss, Gemini shares fell below $7.00, trading over 75% below the $28.00 IPO price, with nearly 9% and nearly 13% drops, the complaint says.
- The complaint covers purchases from the September 12, 2025 IPO through February 17, 2026, and investors must act by May 18, 2026 to seek lead-plaintiff status while Hagens Berman investigates disclosures.
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GEMI UPDATE: Hagens Berman Alerts Gemini Space Station (GEMI) Investors to Securities Class ...
SAN FRANCISCO, March 19, 2026 (GLOBE NEWSWIRE) -- National shareholder rights law firm Hagens Berman is notifying investors that a securities class action lawsuit has been filed against Gemini Space Station, Inc. (NASDAQ: GEMI) and its top executives, including founders…
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Total News Sources29
Leaning Left3Leaning Right3Center11Last UpdatedBias Distribution65% Center
Bias Distribution
- 65% of the sources are Center
65% Center
L 18%
C 65%
R 17%
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