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Twitter Sued By Shareholder

  • Re/code, Monday, September 19, 2016 10:25 AM

Twitter was hit with a lawsuit by an investor who says the company made "false and misleading" statements in early 2015. Those statements, which expressed optimism about user growth, allegedly resulted in an artificially high stock price between the last quarter of 2014 and the second quarter of 2015. The company's stock has dropped more than 60% since February of 2015, when it closed at around $48.

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