An investigation for investors in NYSE:TWTR shares was announced concerning possible breaches of fiduciary duties by certain directors of Twitter Inc.
Investors who are current long term investors in Twitter Inc (NYSE:TWTR) shares, have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 – 1554.
The investigation by a law firm for investors in NYSE:TWTR stocks follows a lawsuit filed recently against Twitter Inc over alleged securities laws violations. The investigation on behalf of current long term investors in Twitter Inc stocks, concerns whether certain Twitter Inc (NYSE:TWTR officers and directors are liable in connection with the allegations made in that lawsuit. The plaintiff alleges that the defendants concealed adverse facts they knew or deliberately disregarded, including that by early 2015, daily active users (“DAUs”) had replaced the timeline views metric as the primary user engagement metric tracked internally by Twitter management and that the trend in user engagement growth (i.e., DAUs) was flat or declining. In addition, the plaintiff claims that defendants concealed that new product initiatives were not having a meaningful impact on Monthly Active Users or “MAU”s or user engagement, that Twitter’s stated “acceleration [in MAU growth]” was the result of low-quality MAU growth, and that defendants lacked a basis for their previously issued projections of approximately 20% MAU growth and 550 million MAUs in the immediate term.
On November 7, 2016, NYSE:TWTR shares closed at $18.41 per share.
Those who purchased NYSE:TWTR shares have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North – Suite 423
92108 San Diego