NEW YORK, Oct. 31, 2016 /PRNewswire/ -- The Law
Offices of Vincent Wong announce
that a class action lawsuit has been commenced in the USDC for the
Northern District of California on
behalf of investors who purchased Twitter, Inc. (NYSE: TWTR)
securities between February 6, 2015
and July 28, 2015.
Click here to learn about the case:
http://www.wongesq.com/pslra/twitter-inc. There is no cost
or obligation to you.
According to the complaint, 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.
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. To
obtain additional information, contact Vincent Wong, Esq. either via email
vw@wongesq.com, by telephone at 212.425.1140, or visit
http://www.wongesq.com/pslra/twitter-inc.
Vincent Wong, Esq. is an
experienced attorney that has represented investors in securities
litigations involving financial fraud and violations of shareholder
rights. Attorney advertising. Prior results do not guarantee
similar outcomes.
CONTACT:
Vincent Wong, Esq.
39 East Broadway
Suite 304
New York, NY 10002
Tel. 212.425.1140
Fax. 866.699.3880
E-Mail: vw@wongesq.com
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SOURCE The Law Offices of Vincent
Wong