WBTN shares rose 3.8% following a news announcement. Kaskela Law Firm announced on February 24, 2026 that it is investigating potential breach of fiduciary duty claims against WEBTOON Entertainment Inc. on behalf of long-term shareholders. A securities fraud complaint was filed against the company concerning investors who purchased shares prior to August 9, 2024. WEBTOON completed its IPO on June 28, 2024, selling 15 million shares at $21.00 per share for approximately $315 million in proceeds. On August 8, 2024, the company reported disappointing quarterly results for the quarter ended June 30, 2024, disclosing bleak revenue growth and substantial declines in Monthly Active Users. Following this report, WBTN shares fell $7.88 per share, or over 38%, closing at $12.75 on August 9, 2024.
Read full analysisWBTN shares rose 3.8% following a news announcement. Kaskela Law Firm announced on February 24, 2026 that it is investigating potential breach of fiduciary duty claims against WEBTOON Entertainment Inc. on behalf of long-term shareholders. A securities fraud complaint was filed against the company concerning investors who purchased shares prior to August 9, 2024. WEBTOON completed its IPO on June 28, 2024, selling 15 million shares at $21.00 per share for approximately $315 million in proceeds. On August 8, 2024, the company reported disappointing quarterly results for the quarter ended June 30, 2024, disclosing bleak revenue growth and substantial declines in Monthly Active Users. Following this report, WBTN shares fell $7.88 per share, or over 38%, closing at $12.75 on August 9, 2024.
Webtoon Entertainment operates a digital comics platform that publishes and distributes webcomics — serialized comics optimized for mobile reading. The company has struggled with profitability since its Nasdaq IPO and trades well below its $21 offering price. WBTN's persistent extreme volatility on thin volume, with no identifiable news catalysts, has been a defining characteristic of the stock throughout early 2026.