Twitter Sued By One Of Its Shareholders - Doris Shenwick

One of Twitter's shareholder "Doris Shenwick sued twitter for misleading investors about its growth project and failing to hit the 550 Million active user as promised.

The Company promised the investors that they’d increase the monthly user base to 550 million in the “intermediate” term and over one billion in the “longer” term, but that never happened, this caused the stock to drop 60% off Twitter’s stock value since April 2015.

It’s unclear how much stock Doris own, or the gravity of this lawsuit, but Twitter declined to comment.

Source: MissTechy.com

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