LOS ANGELES--(BUSINESS WIRE)--
Glancy Prongay & Murray LLP (“GPM”) announces an investigation on behalf of Twitter, Inc. (“Twitter” or the “Company”) (NYSE: TWTR) investors concerning the Company and its officers’ possible violations of federal securities laws.
On April 28, 2015, Twitter issued its first quarter 2015 financial results and released its forecast for the second quarter of 2015, anticipating second quarter revenue of approximately $470 million to $485 million. Additionally, Twitter lowered its full year 2015 revenue guidance to between $2.17 billion and $2.27 billion. On this news, Twitter stock fell over 18% to close at just $42.27 per share on April 28, 2015.
Then, on July 28, 2015, post-market, Twitter issued a press release disclosing its second quarter 2015 financial results and announced its outlook for the third quarter of 2015, anticipating third quarter revenue of $545 million to $560 million. Twitter also provided its financial forecast for the full year of 2015, predicting revenue in the range of $2.20 billion to $2.27 billion. On this news, Twitter stock fell over 14% to close at $31.24 per share on July 29, 2015, thereby injuring investors.
If you purchased Twitter securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Charles Linehan, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to [email protected], or visit our website at http://www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.
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