Twitter Settles Lawsuit for $809 Million

Issue 89

Twitter has agreed to settle a class-action lawsuit that began in 2016 by paying $809.5 million.  The social media company was accused of misleading investors about the platform's engagement rates in 2015, this included Twitter's monthly active users as well as how frequently users interacted with the platform.

Despite Twitter agreeing to pay the $809.5 million settlement, the company is denying any wrongdoing or law violations.

Source: Reuters