NEW YORK, Nov. 11, 2016 /PRNewswire/ -- The following statement is being issued by Levi & Korsinsky, LLP:
To: All persons or entities who purchased or otherwise acquired securities of Twitter, Inc. ("Twitter") (NYSE: TWTR) between February 6, 2015 and July 28, 2015. You are hereby notified that a securities class action lawsuit has been commenced in the USDC for the Northern District of California. To get more information go to: http://www.zlk.com/pslra/twitter-inc or contact Joseph E. Levi, Esq. either via email at email@example.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972. There is no cost or obligation to you. The complaint alleges that 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. As a result of defendants' false statements and/or omissions, Twitter stock traded at artificially inflated prices during the Class Period, reaching a high of $52.87 per share.