NEW YORK, Sept. 13, 2022 (GLOBE NEWSWIRE) —

WHY: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of Twitter, Inc. TWTR following allegations that Twitter may have disclosed materially misleading business information to the investing public.

SO WHAT: If you have purchased Twitter securities, you may be entitled to compensation without payment of out-of-pocket expenses or costs through a contingency fee arrangement. Law firm Rosen is preparing a class action lawsuit to recover investor losses.

WHAT TO DO NEXT: To participate in the prospective class action lawsuit, go to https://rosenlegal.com/submit-form/?case_id=8303 or call Phillip Kim, Esq. toll free at 866-767-3653 or by email [email protected] or [email protected] for information about the Class Action.

WHAT IS THIS ABOUT: on August 23, 2022, CNN published an article titled “Ex-Twitter executive blows the whistle, alleging reckless and lax cybersecurity policies,” revealing that “Twitter has major security issues that pose threats to its own users’ personal information, to corporate shareholders, to the national… Safety and pro-democracy, according to an explosive whistleblower disclosure obtained exclusively by CNN and the Washington Post. The report also states that the disclosure “was sent to a number of U.S. government agencies and congressional committees last month, including the Securities and Exchange Commission, the Federal Trade Commission and the Department of Justice,” and that whistleblower “Peiter ‘Mudge’ is. Zatko, who was previously the company’s head of security, reports directly to the CEO.” The report goes on to say, among other things, that “[w]Hat Zatko says he’s found a company [Twitter] with exceptionally poor security practices, including granting thousands of company employees — roughly half of the company’s workforce — access to some of the platform’s critical controls.