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<b><i>Online Extra</b></i><br>Twitter Faces Surge of Securities Suits
Twitter Inc. is gaining a lot of followers it probably doesn't want.
Last month, the company was hit with the latest in a string of lawsuits alleging that the social media company misled investors about the growth of its user base, and that senior executives raked in hundreds of millions of dollars by selling their stock before the market learned about it.
The derivative shareholder complaint brought on Nov. 8 against Twitter's board of directors is at least the third such suit to be filed in the span of a month in the U.S. District Court for the Northern District of California over statements about how quickly Twitter's “monthly active users” would grow.
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