>I think they’ve been pretty clear for quite a while that there is subjectivity and judgment Sure, but the fundamental point is that the 5% figure is calculate

>I think they’ve been pretty clear for quite a while that there is subjectivity and judgment Sure, but the fundamental point is that the 5% figure is calculated after they have id'ed all the "bots" that they can from the denominator. EM has been representing 5% as the percentage of spam relative to everything on Twitter. If that's how you interpret it, it sounds unbelievable. But it's not what they reported to the SEC at all. They are saying that after every bot is eliminated from their count of legit users via automated methods, manual sampling suggests 5% false negatives in the remainder. I don't know what EM is up to or what the end game is, but he's clearly playing to members of the public who can be misdirected. If he really is playing 7-dimension chess, then it suggests that he is building political cover for something - perhaps something outrageous that will happen in court.