NEW YORK, Sept. 16, 2016 /PRNewswire/ -- Pomerantz LLP
is investigating claims on behalf of investors of Twitter, Inc.
("Twitter" or the "Company") (NYSE: TWTR) (CUSIP: 90184L102).
Investors are advised to contact Robert S.
Willoughby at rswilloughby@pomlaw.com or 888-476-6529, ext.
9980.
The investigation concerns whether Twitter and certain of its
officers and/or directors have violated Sections 10(b) and 20(a) of
the Securities Exchange Act of 1934.
[Click here to join a class action]
On April 28, 2015, Twitter
released its first quarter 2015 financial results and provided its
outlook for the second quarter of 2015, projecting second quarter
revenue of $470 million to $485
million. Twitter also lowered its full year 2015
revenue forecast to between $2.17 billion
and $2.27 billion from prior guidance of $2.30 billion to $2.35 billion. On this
news, Twitter stock fell $9.39, or
18.18%, per share to close at $42.27
on April 28, 2015.
On July 28, 2015, post-market,
Twitter issued a press release announcing its second quarter 2015
financial results and provided its outlook for the third quarter of
2015, projecting third quarter revenue of $545 million to $560 million. Twitter also
provided its outlook for the 2015 full year, projecting revenue in
the range of $2.20 billion to $2.27
billion. On this news, Twitter stock fell $5.30, or 14.51%, per share to close at
$31.24 on July
29, 2015.
The Pomerantz Firm, with offices in New York, Chicago, Florida, and Los
Angeles, is acknowledged as one of the premier firms in the
areas of corporate, securities, and antitrust class litigation.
Founded by the late Abraham L.
Pomerantz, known as the dean of the class action bar, the
Pomerantz Firm pioneered the field of securities class actions.
Today, more than 80 years later, the Pomerantz Firm continues in
the tradition he established, fighting for the rights of the
victims of securities fraud, breaches of fiduciary duty, and
corporate misconduct. The Firm has recovered numerous
multimillion-dollar damages awards on behalf of class members. See
www.pomerantzlaw.com
CONTACT:
Robert S.
Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com
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SOURCE Pomerantz LLP