Twitter to pay $809.5 million to settle shareholder lawsuit
Admin
Sep 23, 2021 01:31
70
Twitter said Monday it will pay USD 809.5 million to settle a consolidated class action lawsuit alleging that the company misled investors about how much its user base was growing and how much users interacted with its platform. The San Francisco company said the proposed settlement, which must still be signed off by a judge, resolves all claims against it without Twitter admitting any wrongdoing.
