WILMINGTON — Twitter was sued by a shareholder over claims it misled investors on key growth metrics, including user count and user engagement, almost two years after touting plans to top 500-million users.The suit, filed on Friday in a federal court in San Francisco, comes as Twitter struggles to keep its audience from defecting to platforms such as Snapchat and Instagram.Snapchat, the ninth-most-popular app in the US, surpassed 50-million monthly mobile app users in April, besting Twitter for the first time, Bloomberg Intelligence analysts Jitendra Waral and Sean Handrahan said in August, citing ComScore.Shareholder Doris Shenwick claims Twitter executives misled investors on its growth prospects in November 2014, promising an increase in monthly active users to 550-million in the "intermediate" term and more than a billion in the "longer term".The company failed to deliver on either estimate and concealed that it had no basis for those projections, the complaint said. As of June ...
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