SAN FRANCISCO, Sept. 1, 2022 /PRNewswire/ -- Hagens Berman urges Twitter, Inc. (NYSE: TWTR) investors who suffered significant losses to submit your losses now.
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Twitter, Inc. (NYSE: TWTR) Investigation:
In March 2011, Twitter agreed to a settlement with the Federal Trade Commission that barred it for 20 years "from misleading consumers about the extent to which it protects the security, privacy, and confidentiality of nonpublic consumer information, including the measures it takes to prevent unauthorized access to nonpublic information and honor the privacy choices made by consumers."
Since then, Twitter has repeatedly claimed that it prioritizes improving the experience for people using its products and services, and that it has taken measures to help protect the privacy of people on Twitter.
Twitter's claims came into serious question on Aug. 23, 2022, when The Washington Post reported that Peiter "Mudge" Zatko, Twitter's former head of security, filed a complaint with the SEC in July 2022 accusing the company of violating the terms of the FTC settlement. According to the Post, Zatko repeatedly raised concerns about "Twitter's grossly inadequate information security systems to the Company's Executive Committee and Board of Directors" and that protections for sensitive user data were weaker than they had been told.
This news sent the price of Twitter shares down over 7%...
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