IRVINE, Calif.--(BUSINESS WIRE)--
Khang & Khang LLP (the “Firm”) announces 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 prior to the November 15, 2016 lead plaintiff motion deadline.
If you purchased shares of Twitter during the Class Period, please contact Joon M. Khang, Esquire, of Khang & Khang LLP, 18101 Von Karman Avenue, 3rd Floor, Irvine, CA 92612, by telephone: (949) 419-3834, or by e-mail at [email protected].
There has been no class certification in this case. Until certification occurs, you are not represented by an attorney. You may choose to take no action and remain a passive class member.
The complaint alleges that during the Class Period, the Company 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.
If you wish to learn more about this lawsuit, or if you have any questions regarding this notice or your rights, please contact Joon M. Khang, a prominent litigator for almost two decades, by telephone: (949) 419-3834, or via e-mail at [email protected].
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