NEW YORK, NY / ACCESSWIRE / August 30, 2022 / Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Twitter, Inc. ("Twitter" or the "Company") (NYSE:TWTR).
If you suffered losses exceeding $50,000 investing in Twitter stock or options and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). You may also click here for additional information: www.faruqilaw.com/TWTR.
There is no cost or obligation to you.
Faruqi & Faruqi is a leading minority and Woman-owned national securities law firm with offices in New York, Pennsylvania, California and Georgia.
On August 23, 2022, CNN published an article entitled "Ex-Twitter exec blows the whistle, alleging reckless and negligent cybersecurity policies" which revealed that "Twitter has major security problems that pose a threat to its own users' personal information, to company shareholders, to national security, and to democracy, according to an explosive whistleblower disclosure obtained exclusively by CNN and The Washington Post." The report also stated that the disclosure was "sent last month to a number of US government agencies and congressional committees, including the Securities and Exchange Commission, the Federal Trade Commission and the Department of Justice" and that the whistleblower is "Peiter 'Mudge' Zatko, who was previously the company's head of security, reporting directly to the CEO." The report further stated, among other things, that "[w]hat Zatko says he found was a company [Twitter] with extraordinarily poor security practices, including giving thousands of the company's employees - amounting to roughly half the company's workforce - access to some of the platform's critical controls." Finally, the report stated that the disclosure "also alleges that some of the company's senior-most executives have been trying to cover up Twitter's serious vulnerabilities, and that one or more current employees may be working for a foreign intelligence service."
On this news, Twitter's share price fell $3.15, 7.32%, to close at $39.86 on August 23, 2022, on unusually heavy trading volume.
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