© Reuters. FILE PHOTO: Folks holding cell phones are silhouetted towards a backdrop projected with the Twitter brand on this illustration image taken September 27, 2013. REUTERS/Kacper Pempel/Illustration/File Photograph
(Reuters) -Twitter Inc has reiterated that spam accounts on its platform characterize fewer than 5% of its whole customers, in response to the U.S. Securities and Alternate Fee’s (SEC) letter in June searching for particulars on its methodology.
“Twitter (NYSE:) believes that it already adequately discloses the methodology that it makes use of in calculating these figures,” the corporate mentioned in a letter dated June 22 to the regulator, in accordance with its submitting on Wednesday.
Twitter didn’t instantly reply to a request for added remark.
This comes forward of a extremely watched authorized showdown between Twitter and Elon Musk who desires to again out of his deal to purchase the corporate for $44 billion, arguing Twitter misled the billionaire in regards to the variety of bot and spam accounts on its platform.
