Gemini company faces a class action lawsuit alleging that co-founders Tyler Winklevoss and Cameron Winklevoss misled shareholders regarding the company's business strategy and financial prospects around its 2024 IPO. The lawsuit claims the company abruptly shifted toward a prediction market model, exited international markets, and announced layoffs, which contradicted previously disclosed expansion plans, resulting in significant losses for shareholders. Following the announcement, GEMI stock declined 5% to $5.70.

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