{"id":40212,"date":"2021-09-20T13:26:29","date_gmt":"2021-09-20T20:26:29","guid":{"rendered":"https:\/\/lapost.us\/?p=40212"},"modified":"2021-09-20T16:26:48","modified_gmt":"2021-09-20T23:26:48","slug":"pay-up","status":"publish","type":"post","link":"https:\/\/lapost.us\/?p=40212","title":{"rendered":"PAY UP"},"content":{"rendered":"<p dir=\"ltr\">Twitter will pay $809.5 million to settle a class-action lawsuit alleging the social media company misled investors, the company announced Monday.<\/p>\n<p dir=\"ltr\">As part of the settlement deal, Twitter and individually named defendants, including CEO\u00a0<a href=\"https:\/\/click1.email.thehill.com\/uyymvzybchhsjzjhsgnccsmmcyskhyhddfcbzpkhqmcppc_qvgmggswstmfswmpfghf.html?a=&amp;b=42497\" target=\"_blank\" rel=\"noopener noreferrer\" data-saferedirecturl=\"https:\/\/www.google.com\/url?q=https:\/\/click1.email.thehill.com\/uyymvzybchhsjzjhsgnccsmmcyskhyhddfcbzpkhqmcppc_qvgmggswstmfswmpfghf.html?a%3D%26b%3D42497&amp;source=gmail&amp;ust=1632263524025000&amp;usg=AFQjCNE-sLE_HffXrKtS3XFIhtIYGjPGWw\">Jack Dorsey<\/a>\u00a0and former CEO Richard Costolo, will continue to deny any wrongdoing or any other improper actions.<\/p>\n<p dir=\"ltr\">The complaint points to a November 2014 \u201cpep rally with analysts\u201d Twitter held to \u201cbuoy investor confidence.\u201d The complaint alleges Twitter provided \u201cunrealistic growth projections\u201d at the event to calm investors\u2019 skepticism.<\/p>\n<p dir=\"ltr\">The lawsuit alleges Twitter embarked in a \u201cshell game\u201d to \u201cconceal the true state of the key metrics,\u201d such as user engagement, when sharing analytics with investors.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Twitter will pay $809.5 million to&#46;&#46;&#46;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[],"class_list":["post-40212","post","type-post","status-publish","format-standard","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/posts\/40212","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lapost.us\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=40212"}],"version-history":[{"count":1,"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/posts\/40212\/revisions"}],"predecessor-version":[{"id":40213,"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/posts\/40212\/revisions\/40213"}],"wp:attachment":[{"href":"https:\/\/lapost.us\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=40212"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lapost.us\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=40212"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lapost.us\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=40212"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}