The SEC asked Twitter to explain its user metrics after Elon Musk complained
This summer, the SEC conducted an active review of Twitter’s user numbers in response to concerns of bot activity, as revealed in new filings made public on Wednesday. The review came in the weeks after Elon Musk raised concerns over the same user figures and suggests federal regulators took Musk’s allegations seriously.
Notably, the review began more than a week before the full whistleblower report by Peiter “Mudge” Zatko, although it deals with many of the same concerns he reported to the SEC.
“We note your estimate that the average number of false or spam accounts during fiscal 2021 continues to represent fewer than 5% of mDAU,” the commission wrote to Twitter in a...