Twitter backs spam account methodology in response to SEC letter
2022.08.24 18:41
FILE PHOTO: People holding mobile phones are silhouetted against a backdrop projected with the Twitter logo in this illustration picture taken September 27, 2013. REUTERS/Kacper Pempel/Illustration/File Photo
(Reuters) -Twitter Inc has reiterated that spam accounts on its platform represent fewer than 5% of its total users, in response to the U.S. Securities and Exchange Commission’s (SEC) letter in June seeking details on its methodology.
“Twitter (NYSE:TWTR) believes that it already adequately discloses the methodology that it uses in calculating these figures,” the company said in a letter dated June 22 to the regulator, according to its filing on Wednesday.
Twitter did not immediately respond to a request for additional comment.
This comes ahead of a highly watched legal showdown between Twitter and Elon Musk who wants to back out of his deal to buy the company for $44 billion, arguing Twitter misled the billionaire about the number of bot and spam accounts on its platform.
