Twitter Being Sued by a Shareholder

Interesting: Twitter is being sued by a shareholder. “Shareholder Doris Shenwick claims Twitter executives misled investors on its growth prospects in November 2014, promising an increase in monthly active users to 550m in the ‘intermediate’ term and more than a billion in the ‘longer term’. The company failed to deliver on either estimate and concealed that it had no basis for those projections, the complaint said. As of 30 June, the company had 313m monthly active users, according to its website.” The suit is seeking class action status.

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