Twitter is to pay $809.5 million to settle a 2016 class action lawsuit that alleged it misled investors about its future growth, the company said on Monday. The original suit claimed the company violated the Securities Exchange Act of 1934 by misleading investors on key engagement metrics like daily and monthly active users as well as timeline views. The company had told analysts in a 2014...
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PayPal Investors Ask for Refund on Pinterest Talks
We got a very clear sense of what investors think of the prospect that PayPal might buy Pinterest from how the two stocks reacted to news of deal talks between the companies, first reported by Bloomberg. PayPal stock dropped nearly 5%, slicing about $15 billion off the digital payment company’s market capitalization. Pinterest shares, conversely, rocketed 13%—adding $4.6 billion to the company’...
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PayPal Exploring Pinterest Acquisition
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