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SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Twitter, Inc. - TWTR

NEW YORK, Nov. 18, 2019 /PRNewswire/ --A Pomerantz LLP is investigating claims on behalf of investors ofA  Twitter, Inc.A ("Twitter" or the "Company")A (NYSE:A  TWTR).A  Such investors are advised to contact Robert S. Willoughby at rswilloughby@pomlaw.comA or 888-476-6529, ext. 9980.The investigation concerns whether Twitter and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.A  [Click here for information about joining the class action]A On October 24, 2019, pre-market, Twitter disclosed its financial results for the quarter ended September 30, 2019 and conducted a conference call with investors. A Twitter's revenue of $823.7 million was over 5% lower than analysts' estimate of $874.0 million. A The Company attributed the revenue shortfall to weaker-than-expected advertising revenues.A  During the conference call, Jack Dorsey, Twitter's Chief Executive Officer, disclosed 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.A  On this news, Twitter's stock price fell $8.08 per share, or 20.81%, to close at $30.75 per share on October 24, 2019.
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