 The Class Period begins on March 27, 2015. On that date, Care.com filed on  Form 10-K with the SEC its annual report for the period ended December 27, 2014, which stated  in pertinent part:  We have invested in building a differentiated member experience for finding  and managing care. This investment includes the ongoing prioritization of  features and processes that we believe contribute to the quality of our  marketplace. Examples of these investments include the manual review of all  job and profile postings for suspicious or inappropriate content, tools for  members to review and report other members, a monitored messaging system  that allows members to communicate without sharing their personal email, the  proactive screening of certain member information against various  databases and other sources for criminal or other inappropriate activity  and the use of technology to help identify and prevent inappropriate activity  through our platform. We believe these product investments, combined with  our investments in national brand advertising and our domain name itself, have  established the Care.com brand as a leading and trusted brand for finding care.  (emphasis added).    On March 9, 2017, Care.com filed on Form 10-K with the SEC its annual report  for the period ended December 31, 2016, which stated in pertinent part:  We have invested in building a differentiated member experience for finding  and managing care. This investment includes the ongoing prioritization of  features and processes that we believe contribute to the quality of our  marketplace. Examples of these investments include the review of all job and  profile postings for suspicious or inappropriate content, tools for members to  review and report other members, a monitored messaging system that allows  members to communicate without sharing their personal email, the proactive  screening of certain member information against various databases and  other sources for criminal or other inappropriate activity, the use of  technology to help identify and prevent inappropriate activity through our  platform and a safety center that provides resources and information designed  to help families and caregivers make more informed hiring and job selection  decisions [.] We believe these product investments, combined with our  investments in national brand advertising and our domain name itself, have  established the Care.com brand as a leading and trusted brand for finding care.  (emphasis added).     On March 7, 2019, Care.com filed on Form 10-K with the SEC its annual report  for the period ended December 29, 2018, which stated in pertinent part:  We have invested in building a differentiated member experience for finding  and managing care. This investment includes the ongoing prioritization of  features and processes that we believe contribute to the quality of our  marketplace. Examples of these investments include the review of all job and  profile postings for suspicious or inappropriate content, tools for members to  review and report other members, a monitored messaging system that allows  members to communicate without sharing their personal contact information,  the proactive screening of certain member information against various  databases and other sources for criminal or other inappropriate activity,  the use of technology to help identify and prevent inappropriate activity  through our platform and a safety center that provides resources and  information designed to help families and caregivers make more informed hiring  and job selection decisions [.] We believe these product investments, combined  with our investments in national brand advertising and our domain name itself,  have established the Care.com brand as a leading and trusted brand for finding  care.  (emphasis added).    Defendant Marcelo signed certifications for the Form 10-K referenced in  paragraph 16 above. Among other things, this certification, which was made pursuant to the  Sarbanes-Oxley Act of 2002, required the signer to attest that they have reviewed the report, that  it does not contain untrue statements, that it fairly represents the financial condition of the  company, and that the company’s internal controls are effective.    The statements set out above in paragraphs 15 to 19 were materially false and  misleading, and omitted material information necessary to make the statements not misleading in  that, in fact, the Company did not effectively screen member information “against various  databases and other sources for criminal or other inappropriate activity.”     The Company and the Individual Defendants knew that such statements or  documents would be issued or disseminated to the investing public; and knowingly and  substantially participated or acquiesced in the issuance or dissemination of such statements or  documents as primary violations of the federal securities laws. As set forth elsewhere herein in  detail, Defendants, by virtue of their receipt of information reflecting the true facts regarding the  Company, their control over, and/or receipt and/or modification of the Company’s allegedly  materially misleading statements and/or their associations with the Company that made them  privy to confidential proprietary information concerning the Company, participated in the  fraudulent scheme alleged herein.    Following the release of the Friday, March 8, 2019, Wall Street Journal article,  the Company’s common stock declined, closing down almost 13%, to close at $20.48 per share  on Monday, March 11, 2019.    Then, on March 31, 2019, the Wall Street Journal reported that “hundreds of day- care centers” listed as “state licensed” on the Care.com website did not appear to be, and that  tens of thousands of unverified day-care center listings were scrubbed from the Care.com  website just before the March 8, 2019 Wall Street Journal article was published.    Following the release of the Sunday, March 31, 2019, Wall Street Journal article,  the Company’s common stock declined, closing down almost 7%, to close at $18.45 per share on  Monday, April 1, 2019.    Plaintiff brings this action as a class action pursuant to Rule 23 of the Federal  Rules of Civil Procedure on behalf of a class of all persons and entities who purchased or  otherwise acquired the Company’s common stock between March 27, 2015 and April 1, 2019,  inclusive. Excluded from the Class are Defendants, directors and officers of the Company, as  well as their families and affiliates.    The members of the Class are so numerous that joinder of all members is  impracticable. The disposition of their claims in a class action will provide substantial benefits to  the parties and the Court. More than 24 million Care.com shares trade on the New York Stock  Exchange.    Plaintiff’s claims are typical of those of the Class because Plaintiff and the Class  sustained damages from Defendants’ wrongful conduct alleged herein.    Plaintiff will adequately protect the interests of the Class and has retained counsel  who are experienced in class action securities litigation. Plaintiff has no interests that conflict  with those of the Class.    A class action is superior to other available methods for the fair and efficient  adjudication of this controversy. 