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This aspect has puzzled me deeply. I imagine the following scenario: I'm the CEO of a social network trying to raise a new round of funding. I go to investors
by jimkleiber 7y ago
This aspect has puzzled me deeply.
I imagine the following scenario: I'm the CEO of a social network trying to raise a new round of funding. I go to investors and say that we have 100M users on the platform and growing by 10M users per month. The investors like these numbers and decide to invest. A few years later, the investors find out that when I said 100M users, I actually meant 50M real human users and 50M bot users. When I said growing by 10M users per month, I actually meant by 5M real human users and 5M bot users per month.
At what point does this become criminal fraud?
- mc32 7y agoAn investor should ask the hard questions like you know, how many of them are bots? It’s not hard to ask.