Twitter, Inc. (TWTR)

Investigation

Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Twitter, Inc. ("Twitter" or the “Company) (NYSE: TWTR). Investors who purchased Twitter securities are encouraged to obtain additional information and assist the investigation.       

 

The investigation concerns whether Twitter and certain of its officers and/or directors have violated federal securities laws.

On May 17, 2022, Tesla CEO Elon Musk said that his deal to buy Twitter cannot move forward unless Twitter proves that less than 5% of the accounts on its platform are fake or spam. Musk tweeted, “20% fake/spam accounts, while 4 times what Twitter claims, could be much higher. My offer was based on Twitter’s SEC filings being accurate.” Musk added, “Yesterday, Twitter’s CEO publicly refused to show proof of 5%. This deal cannot move forward until he does.” Following this news, Twitter’s stock dropped during intraday trading on May 17, 2022.

If you are aware of any facts relating to this investigation or purchased Twitter shares, you can assist this investigation.  You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484. 

 

Bronstein, Gewirtz & Grossman, LLC represents investors in securities fraud class actions and shareholder derivative suits.  The firm has recovered hundreds of millions of dollars for investors nationwide.  Attorney advertising. Prior results do not guarantee similar outcomes.

Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique.  Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients.  In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm’s expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.