On Friday,Twitter shareholder Doris Shenwick filed a lawsuit against the company for allegedly misleading investors approximately its growth projections. The lawsuit claims that in November 2014, Twitter promised investors that the size of its active monthly user base would increase to 550 million in the “intermediate” term and to over one billion in the “longer” term. Shenwick intends to file a lesson-action suit that would represent people who bought Twitter stock between February 6, or 2015 and July 28,2015. We reached out to Twitter for comment and did not receive an immediate response.
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Source: gawker.com