Twitter backs spam account methodology in response to SEC letter
Twitter Inc (NYSE: TWTR) on Wednesday restated that spam accounts on its platform represent fewer than 5% of its total users
Twitter Inc (NYSE: TWTR) on Wednesday restated that spam accounts on its platform represent fewer than 5% of its total users.
The reiteration came in response to the US Securities and Exchange Commission’s (SEC) letter in June seeking details on its methodology.
“Twitter believes that it already adequately discloses the methodology that it uses in calculating these figures,” the social media company said in a letter dated June 22 to the regulator, according to its filing on Wednesday.
The letter comes ahead of a highly awaited legal battle between Twitter and Elon Musk, who wants to back out of his deal to buy the company for $44 billion, arguing that the micro-blogging platform misled the billionaire about the number of bot and spam accounts on its platform.
Twitter’s former security chief Peiter Zatko filed a whistleblower complaint that the company misled federal regulators about its defenses against hackers and said executives are not motivated and don’t have the resources to understand the actual number of bots on the platform entirely.
Picture Credit: BBC
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