While it’s not clear whether there’s a formal investigation, the SEC has asked Twitter about how it counts spam accounts.
DETROIT — U.S. securities regulators are questioning Twitter about how it counts fake accounts on its platform.
The Securities and Exchange Commission in June asked the company about its methodology for calculating false or spam accounts and “the underlying judgments and assumptions used by management.”
Twitter says it has 238 million active monthly users, and that about 5% of the accounts it sells ads against are fake, either spam or bots. The SEC would be interested in both figures because Twitter uses them to
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