Thieler Law Corp advises investors with losses exceeding $100,000 of the November 15, 2016 lead plaintiff deadline in a class action lawsuit filed against Twitter Inc (NYSE: TWTR) (“Twitter” or “the Company”). The suit is pending in the U.S. District Court for the Northern District of California and investors, who purchased Twitter Inc securities between February 6, 2015 and July 28, 2015, have until November 15, 2016 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class.

If you purchased Twitter Inc securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 377 - 4324 or emailing mail@thielerlaw.com . No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class.

The complaint alleges that during the Class Period defendants made false and misleading statements and/or allegedly failed to disclose that by early 2015 daily active users replaced the timeline views metric as the primary user engagement metric tracked by Twitter management;  the trend in user engagement growth was declining; new product initiatives were not having a significant impact on monthly active users or user engagement; Twitter stated “acceleration” was the result of low-quality monthly active user growth;  and Twitter lacked a basis for their projections of approximately 20% monthly active user growth and 550 million monthly active users in the immediate term.

On July 28, 2015, the Company revealed its second quarter 2015 financial results and its projections for the third quarter of 2015. Twitter reported non-GAAP income of $49 million, or $0.07 non-GAAP EPS, and revenue of $502 million for the second quarter. Also, Twitter projected third quarter revenue to be between $545 million and $560 million.

Following this news, NYSE: TWTR dropped from $36.54 per share on July 28, 2015 to a closing price of $31.24 on July 29, 2015.

If you were negatively impacted by your investment in Twitter Inc securities between February 6, 2015 and July 28, 2015 and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, please contact us for your no-cost evaluation.

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