SAN FRANCISCO, Sept. 07, 2022 (GLOBE NEWSWIRE) — Hagens Berman calls on Twitter, Inc. TWTR Investors who have suffered significant losses Submit your losses now.

Visit: www.hbsslaw.com/investor-fraud/TWTR
Contact a lawyer now: [email protected]
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Twitter, Inc. TWTR Detection:

In March 2011, Twitter agreed to a settlement with the Federal Trade Commission that banned Twitter for 20 years from “misleading consumers about how it protects the security, privacy, and confidentiality of non-public consumer information, including the steps it takes to… to prevent unauthorized access to non-public information and respect consumer privacy choices.”

Since then, Twitter has repeatedly asserted that it prioritizes improving the experience for people using its products and services and that it has taken steps to help protect the privacy of people on Twitter.

Twitter’s claims were seriously challenged on August 23, 2022 The Washington Post reported that Peiter “Mudge” Zatko, Twitter’s former chief of security, filed a complaint with the SEC in July 2022, accusing the company of violating the terms of the FTC settlement. According to that postZatko repeatedly expressed concerns to the company’s Executive Committee and Board of Directors about “Twitter’s woefully inadequate information security systems” and that the protection of sensitive user data is weaker than they had been told.

This news sent Twitter’s share price down over 7% on August 23, 2022, wiping out over $2 billion in shareholder value.

“We are focused on the investors’ losses and whether Twitter lied about its obligation to protect users’ non-public information,” said Reed Kathrein, the partner at Hagens Berman who led the investigation.

If you have invested in Twitter and suffer significant losses or have knowledge that could assist the firm’s investigations, Click here to discuss your legal rights with Hagens Berman.