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SEC asked Twitter about its spam account claims in June

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Twitter’s spam account calculations have been the focal point of Tesla CEO Elon Musk’s decision to terminate his deal to buy the company.
The Securities and Exchange Commission asked Twitter in June for additional information on how it calculates the percentage of spam accounts on its platform, new filings revealed on Wednesday.
Twitter’s spam account calculations have been the focal point of Tesla CEO Elon Musk’s countersuit against the company, which initially sued him for trying to get out of his $44 billion deal to buy the platform. Musk has questioned Twitter’s assertions that less than 5% of its monthly daily active users are spam accounts, as it states in its securities filings. Twitter has stood by that figure.
Wednesday’s disclosure shows it’s not just Musk who sought to validate Twitter’s calculations, though nothing in the filings indicates the agency is formally disputing the numbers or pursuing legal action.
The filings come a day after a whistleblower, former Twitter security lead Peiter „Mudge“ Zatko,“ alleged „extreme, egregious deficiencies by Twitter“ related to privacy, security and content moderation.

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