Teladoc Health, Inc.

Registration Deadline:


A securities class action has been filed in the USDC S.D.CA. against Teladoc Health, Inc. (TDOC) (“Teladoc” or the “Company”), on behalf of all persons or entities that purchased or otherwise acquired Teladoc securities between November 2, 2022 and February 20, 2024, both dates inclusive (the “Class Period”).


Teladoc provides direct-to-consumer, online health services. One of Teladoc’s services is “BetterHelp,” an online mental health counseling platform. Teladoc also provides online primary care and chronic disease management services.


The complaint arises on February 20, 2024, when Teladoc announced its fourth quarter and full year results for the period ended December 31, 2023. The announcement disclosed that Teladoc had experienced substantially less growth than previous forecasted. The Company also disclosed that it was expecting decreased revenue for its BetterHelp segment, an online counseling service. Analysts attributed this trend to BetterHelp’s market saturation and increased advertising costs causing a rise the cost of customer acquisitions.


The complaint alleges that:

(1) the Company continued to expand its marketing spend throughout 2023, despite public assurances of that it would pull back its advertising spending,

(2) increased marketing spend on BetterHelp deteriorated the Company’s revenue, with little return for that investment,

(3) despite the Company’s acknowledgment that increased advertising spend would be marginally inefficient due to market saturation, it continued to grow its advertising spend in the BetterHelp business,

(4) despite public statements that there remained “a long runway” for BetterHelp membership growth, BetterHelp’s membership stagnated and then decreased in 2023, due to market saturation, largely due to BetterHelp’s own marketing.


Following the release of the earnings report, TDOC shares fell $4.85/share, or 23.6%, overnight, thereby harming investors.


If you purchased Teladoc securities during the class period and would like to receive more information or join the action, please enter your contact information below for a FREE consultation and click “Submit Your Information”.


About Lowey Dannenberg

Lowey Dannenberg is a national firm representing institutional and individual investors, who suffered financial losses resulting from corporate fraud and malfeasance in violation of federal securities and antitrust laws. The firm has significant experience in prosecuting multi-million-dollar lawsuits and has previously recovered billions of dollars on behalf of investors.

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