SOCIAL MEDIA: Twitter Gets Hit with Shareholder Lawsuit
Social media just got smacked with a lawsuit over allegations of misleading investors about its growth projections in metrics such as monthly average user growth. In the past year, Twitter has had a difficult time to attract new users and be as economically lucrative as its other social media peers like Facebook. Law firm Robbins Geller Rudman & Dowd LLP filed a class action in the Northern District of California on behalf of purchasers of Twitter, Inc. common stock during the period between February 6, 2015 and July 28, 2015 (the class period). [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]
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