Glancy Prongay & Murray LLP Commences Investigation on Behalf of Twitter, Inc. Investors
September 30 2016 - 1:36PM
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
shareholders@glancylaw.com, 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.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
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version on businesswire.com: http://www.businesswire.com/news/home/20160930005792/en/
Glancy Prongay & Murray LLP, Los Angeles/New YorkCharles
Linehan, 310-201-9150 or
888-773-9224shareholders@glancylaw.comwww.glancylaw.com
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