INVESTOR ALERT: Goldberg Law PC Announces Securities Class Action Lawsuit against Twitter, Inc. & Encourages Investors with L...
19 Septembre 2016 - 5:42PM
Business Wire
Goldberg Law PC (the “Firm”) announces that a class action
lawsuit has been filed against Twitter, Inc. (“Twitter” or the
“Company”) (NYSE: TWTR). Investors who purchased or otherwise
acquired shares between February 6, 2015 and July 28, 2015
inclusive (the “Class Period”) are encouraged to contact the Firm
in advance of the November 15, 2016 lead
plaintiff motion deadline.
If you are a shareholder who suffered a loss during the Class
Period, click here to participate. In addition, we advise
you to contact Michael Goldberg or Brian Schall, of Goldberg Law
PC, 1999 Avenue of the Stars, Suite 1100, Los Angeles, CA 90067, at
800-977-7401, to discuss your rights without cost to you. You can
also reach us through the firm’s website at
http://www.Goldberglawpc.com, or by email at
info@goldberglawpc.com.
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 take no action, you can remain an absent class
member.
According to the complaint, Twitter made materially false and/or
misleading statements and/or failed to disclose: that by early 2015
daily active users had replaced the timeline views metric as the
primary user engagement metric tracked internally by Twitter
management; that the trend in user engagement growth was flat or
declining; that new product initiatives were not having a
significant impact on monthly active users or user engagement; that
the Company’s stated “acceleration” was the result of low-quality
monthly active user growth; and that Twitter lacked a basis for its
previously issued projections of approximately 20% monthly active
user growth and 550 million monthly active users in the immediate
term. When this information was announced to the public,
shares of Twitter fell in value, causing investors harm.
Goldberg Law PC represents shareholders around the world and
specializes in securities class actions and shareholder rights
litigation.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
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version on businesswire.com: http://www.businesswire.com/news/home/20160919006076/en/
Goldberg Law PC, Los AngelesMichael Goldberg, Esq.,
800-977-7401Brian Schall, Esq.,
800-977-7401info@goldberglawpc.comwww.Goldberglawpc.com
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