Twitter Inc and the U.S. Federal Trade Commission (FTC) are close to settling a probe into whether the social media company misled investors about its user growth, two sources familiar with the matter said on Wednesday. A settlement could be announced as early as next week, said the sources, who declined to be named because the negotiations are private. Under the deal, Twitter would not admit to any wrongdoing, the sources said. twitter ftc may septemberbartzreuters
Twitter Inc said on Thursday the U.S. Federal Trade Commission (FTC) is investigating whether the social media company misled investors about its user growth, sending shares down sharply after hours. Twitter disclosed the investigation in its quarterly filing with the Securities and Exchange Commission. It said it received a letter from the FTC in mid-September. twitter ftc may septemberbartzreuters
Twitter Inc and the U.S. Federal Trade Commission (FTC) are in talks that could settle an investigation into whether the social media company misled investors about its user growth, people familiar with the matter said on Wednesday. A deal between Twitter and the FTC could be announced as early as next week, the sources said. The FTC launched its probe in December after Twitter revealed that it had overstated its number of monthly users by millions for three years. twitter ftc may septemberbartzreuters
