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Twitter to pay millions to shareholders for misrepresenting growth data

TOPICS: lawsuit, securities fraud, settlement, shareholders, Twitter

According to a report recently published by Variety, the original lawsuit dates back to 2016, when a Twitter shareholder targeted Twitter’s board of directors, including its CEO and founder, for concealing data related to Twitter’s slowing user growth. The class action lawsuit against Twitter, which is categorised as an allegation of securities fraud, has as […]

[Read more]

TOPICS: lawsuit, securities fraud, settlement, shareholders, Twitter

According to a report recently published by Variety, the original lawsuit dates back to 2016, when a Twitter shareholder targeted Twitter’s board of directors, including its CEO and founder, for concealing data related to Twitter’s slowing user growth. The class action lawsuit against Twitter, which is categorised as an allegation of securities fraud, has as […]

[Read more]

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