NOTICE OF INQUIRY: Schall Law Firm Encourages Olo Inc. Investors With $100,000 Losses To Contact Firm

LOS ANGELES–(BUSINESS WIRE)–The Schall Law Firm, a national firm specializing in shareholder rights litigation, announces that it is investigating claims on behalf of investors of Olo Inc. (“Olo” or “the Company”) (NYSE: OLO) for violating securities laws.

The investigation aims to determine whether the Company has made false and/or misleading statements and/or has failed to disclose relevant information to investors. Olo announced its second quarter 2022 financial results on August 11, 2022. The company disclosed that it was losing business with the Subway restaurant chain, including 2,500 restaurants that moved away from the company’s ordering platform during of the quarter. The company admitted, “We expect Subway’s direct market integration to continue, with the remainder of their locations being removed from our total number of active locations in the fourth quarter of this year, or the first quarter of 2023”. Based on this news, shares of Olo fell 36% the following day.

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us via the firm’s website at www.schallfirm.com or by email at [email protected]

The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to do nothing, you can remain an absent member of the group.

Schall Law Firm represents investors worldwide and specializes in securities class action and shareholder rights litigation.

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