Twitter posts US$537m net loss over lawsuit payout | Malay Mail

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SAN FRANCISCO, Oct 27 — settling a lawsuit alleging investors were misled about slowing user growth. Despite revenue rising sharply with the help of robust ad sales, Twitter still posted an operating loss of US$743 million (RM3 billion), fuelled by the more than US$800 million settlement. The...

SAN FRANCISCO, Oct 27 — settling a lawsuit alleging investors were misled about slowing user growth.

The 2016 federal suit filed by shareholders claimed the defendants, such as former CEO Dick Costolo, did not disclose the full picture of the company’s state while they sold their personal stock in Twitter.

 

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$FB is still the dominant one. No reason not to buy the dip.

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