Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC (“KSF”), is investigating claims on behalf of investors of Twitter, Inc. (NYSE: TWTR). Such investors are advised to contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (firstname.lastname@example.org), or fill out the form on this page.
The investigation concerns whether Twitter and certain of its officers and/or directors have engaged in fraud, negligence or other unlawful business practices.
On October 24, 2019, pre- market, the Company disclosed its financial results for the quarter ended September 30, 2019 including revenue more than 5% below analyst estimates due to weaker-than-expected advertising revenues, revealing during the subsequent conference call that Twitter “had some missteps and bugs in our map ads… We discovered and took steps to remediate bugs that largely affected our legacy map product. These bugs affected our ability to target ads and share data with measurement and partners. We also discovered that certain personalization and data sightings were not operating as expected.”
On this news, the price of Twitter’s shares plummeted over 20%, on heavier than average trading volume.