Twitter proposes settlement over $809.5m shareholder lawsuit

The company said the proposed settlement, which must still be signed off by a judge, resolves all claims against it without Twitter admitting any wrongdoing

Twitter has said it will pay 809.5 million US dollars to settle a consolidated class action lawsuit. Picture: AP

Twitter has said it will pay $809.5m to settle a consolidated class-action lawsuit alleging that the company misled investors about how much its user base was growing and how much users interacted with its platform.

The San Francisco company said the proposed settlement, which must still be signed off by a judge, resolves all claims against it without Twitter admitting any wrongdoing.