Thieler Law Corp advises investors with losses exceeding $100,000 of the December 30, 2019 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 August 6, 2019 and October 23, 2019, have until December 30, 2019 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 while Twitter represented  that  it  “fixed”  certain issues  relating  to  user  choice  settings designed to  target  advertising  were not working as intended; the  changes  implemented  to  fix  these  issues  adversely affected  Twitter’s  ability  to  target  advertising, including the targeting of advertising through its Mobile App Promotion (“MAP”) product, which caused a material decline in advertising revenue; and as a result, Twitter’s public statements were materially false and misleading at all relevant times.

On October 24, 2019, the Company revealed its financial results for the quarter ended September 30, 2019.  The Company’s revenue of $823.7 million was over 5% lower than analysts’ estimate of $874.0 million.  The Company attributed the revenue shortfall to weaker-than-expected advertising revenues.  During the conference call, the Company’s CEO, revealed that software defects caused by changes that Twitter had implemented to user settings related to targeted advertising had negatively impacted the Company’s third quarter financial results and that the negative effects on advertising revenue would continue through at least the fourth quarter of 2019.

Following this news, NYSE: TWTR fell $8.08 per share, or 20.81%, to close at $30.75 per share on October 24, 2019.

If you were negatively impacted by your investment in Twitter Inc securities between August 6, 2019 and October 23, 2019 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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