NEW YORK, Nov. 11, 2016 /PRNewswire/ -- The following
statement is being issued by Levi & Korsinsky, LLP:
To: All persons or entities who purchased or otherwise
acquired securities of Twitter, Inc. ("Twitter") (NYSE: TWTR)
between February 6, 2015 and
July 28, 2015. You are hereby
notified that a securities class action lawsuit has been
commenced in the USDC for the Northern District of California. To get more information go
to:
http://www.zlk.com/pslra/twitter-inc
or contact Joseph E. Levi, Esq.
either via email at jlevi@zlk.com or by telephone at (212)
363-7500, toll-free: (877) 363-5972. There is no cost or
obligation to you.
The complaint alleges that throughout the Class Period
defendants concealed adverse facts they knew or deliberately
disregarded, including: (a) 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; (b)
that the trend in user engagement growth was flat or declining; (c)
that new product initiatives were not having a meaningful impact on
Monthly Active Users ("MAUs") or user engagement; (d) that
Twitter's stated "acceleration [in MAU growth]" was the result of
low-quality MAU growth, and (e) that defendants lacked a basis for
their previously issued projections of approximately 20% MAU
growth and 550 million MAUs in the immediate term. As a
result of defendants' false statements and/or omissions, Twitter
stock traded at artificially inflated prices during the Class
Period, reaching a high of $52.87 per share.
If you suffered a loss in Twitter you have until November 15, 2016 to request that the Court
appoint you as lead plaintiff. Your ability to share in any
recovery doesn't require that you serve as a lead plaintiff.
Levi & Korsinsky is a national firm with offices in
New York, New Jersey, California, Connecticut, and Washington D.C. The firm's attorneys have
extensive expertise and experience representing investors in
securities litigation, and have recovered hundreds of millions of
dollars for aggrieved shareholders. Attorney advertising. Prior
results do not guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
30 Broad Street - 24th Floor
New York, NY
10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
www.zlk.com
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SOURCE Levi & Korsinsky, LLP