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It is not "5% of all users". The filing by Twitter says "5% of monetizable, daily, active users (mDAU)". Not only that, the filing also says that Twitter used h
by ZuLuuuuuu 4y ago
It is not "5% of all users". The filing by Twitter says "5% of monetizable, daily, active users (mDAU)". Not only that, the filing also says that Twitter used heavy judgment to end up with this number, so the real number might be higher.
The filing by Twitter: https://investor.twitterinc.com/financial-information/sec-filings/sec-filings-details/default.aspx?FilingId=15778368 https://investor.twitterinc.com/financial-information/sec-fi...
The relevant paragraph: "We have performed an internal review of a sample of accounts and estimate that the average of false or spam accounts
during the first quarter of 2022 represented fewer than 5% of our mDAU during the quarter. The false or spam accounts for a period represents the average of
false or spam accounts in the samples during each monthly analysis period during the quarter. In making this determination, we applied significant judgment, so
our estimation of false or spam accounts may not accurately represent the actual number of such accounts, and the actual number of false or spam accounts
could be higher than we have estimated."
Basically, I feel like there is no legal substance to Elon Musk's "excuse".