SEC Questions, Twitter About How , Fake Accounts Are Reported.<br />SEC Questions, Twitter About How , Fake Accounts Are Reported.<br />'The Independent' reports that U.S. securities <br />regulators are questioning Twitter about how the number <br />of fake accounts on the platform are calculated. .<br />'The Independent' reports that U.S. securities <br />regulators are questioning Twitter about how the number <br />of fake accounts on the platform are calculated. .<br />In June, the Securities and Exchange Commission <br />(SEC) asked Twitter about the methodology <br />for calculating spam accounts. .<br />The SEC also sought to uncover , "the underlying judgments and <br />assumptions used by management.”.<br />The regulatory questions came shortly before billionaire Elon Musk cited the issue as grounds for canceling his $44 billion bid to purchase Twitter.<br />'The Independent' points out that it remains unclear whether the SEC has opened a formal investigation into fake accounts on the social media platform.<br />'The Independent' points out that it remains unclear whether the SEC has opened a formal investigation into fake accounts on the social media platform.<br />According to a legal firm representing Twitter, <br />the company believes it has adequately disclosed <br />its processes in an annual report filed in 2021.<br />According to a legal firm representing Twitter, <br />the company believes it has adequately disclosed <br />its processes in an annual report filed in 2021.<br />Twitter claims it estimates false <br />accounts through an internal <br />review of sample accounts.<br />According to Twitter, the number of fake accounts , "represent the average false or spam accounts in the samples <br />during each monthly analysis period during a quarter.".<br />Twitter points out that less than 5% of the company's "Monetizable Daily Active Usage or Users," or mDAU, were found to be fake accounts. .<br />Twitter points out that less than 5% of the company's "Monetizable Daily Active Usage or Users," or mDAU, were found to be fake accounts.
