Madshrimps Forum Madness - Twitter will pay over $800 million to settle a class action suit

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Stefan Mileschin

21st September 2021 07:56

Twitter will pay over $800 million to settle a class action suit

Twitter has agreed to pay $809.5 million to settle a class action suit filed by shareholders in 2016. Investors alleged that Twitter masked the company's slowing growth while executives including former CEO **** Costolo and co-founders Evan Williams and Jack Dorsey (the current CEO) sold stock “for hundreds of millions of dollars in insider profits.”

https://www.engadget.com/twitter-set...2.html?src=rss

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