Twitter is on the defensive over how it tracks fake accounts after a whistleblower's complaint — echoing Elon Musk — alleged that the company didn’t do enough to deal with bot activity on its platform.
The U.S. Securities and Exchange Commission recently pressed Twitter for more information on how the company identifies spam accounts, adding to scrutiny — stoked by Elon Musk — over the platform’s processes for keeping tabs on its user base.
The SEC’s June 15 query to Chief Executive Parag Agrawal, which was made public Wednesday, centered on statements in the company’s latest annual report. The company has said that spam and bot accounts account for less than 5% of its user base.whistleblower’s complaint alleged that the company didn’t do enough to deal with bot activity on its platform. Although the company has denied those allegations from its former head of security, Peiter Zatko, some legal experts say it could bolster Musk in his attempt to“To the extent material, please disclose the methodology used in calculating these figures and the underlying judgments and assumptions used by management,” the SECon June 22 that the company “already adequately discloses the methodology” that it uses.
The SEC also on Wednesday posted a July 27 letter noting that it had concluded its review of the matter.
In response, the company said the over-counting was related to letting users link separate accounts in order to easily switch between them. The overstatement “had no impact on Twitter’s financial statements,” the company said.
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