Basing your decision on information that you should safely believe to be true, which you later find out is a fraudulent lie has nothing to do with due diligence

Basing your decision on information that you should safely believe to be true, which you later find out is a fraudulent lie has nothing to do with due diligence. If I buy a truck from a dealership sight unseen and then arrive at the dealership and find out that they've lied and it doesn't have an engine, or has a different engine than advertised... then I have legal standing to back out. Twitter has lied to the SEC and every shareholder for years. This is supposed to be information that is accurate, and lying about it is illegal. It's reasonable to assume this information should be true, it isn't, they lied, they need to eat it.