Twitter to Pay $809.5 Million to Settle Securities Suit

Twitter will pay more than $800 million to settle a consolidated class-action securities lawsuit alleging the social-media company deliberately misled investors about user engagement in 2015. The proposed settlement would resolve all claims against Twitter and the other named defendants without any admission, concession or finding of any fault, liability or wrongdoing. The shareholder action claimed Twitter misled investors about two closely tracked metrics: monthly active users, a measure of the total number of users on its platform; and timeline views, a measure of how frequently users interacted with the platform.