Investor Sues Fintech Company Over Misleading Financial Results Tweet

Mealey's (March 10, 2022, 1:46 PM EST) -- SAN FRANCISCO — An investor sued a technology company and its CEO in California federal court on Feb. 28, alleging that the defendants violated federal securities laws by posting a Tweet on the company’s official Twitter account stating that the company’s reviews for the second quarter of 2022 were better than they actually were, causing the company’s stock price to trade at an artificially high rate until the company released its actual results ahead of schedule....