Twitter to pay $809m to settle suit claiming investors were misled

1 month ago 16

Twitter announced Monday it will pay $809m to settle a 2016 lawsuit alleging members of the social network’s leadership, including founder Jack Dorsey, provided misleading information to investors about slowing user growth. The suit claimed the defendants, such as former CEO Dick Costolo, did not disclose the full picture of the company’s state while they…

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