The SEC’s filings review unit asked Twitter Chief Executive Officer Parag Agrawal in a June 15 letter for details on the firm’s methodology for calculating that false accounts represent less than 5% of its user base. The estimate by Twitter has become a central sticking point between the company and Elon Musk, who is looking to walk away from a $44 billion buyout of the platform.
“To the extent material, please disclose the methodology used in calculating these figures and the underlying judgments and assumptions used by management,” the SEC to Agrawal, referring to assumptions that Twitter included in its annual report. The letter was made public on Wednesday.on June 22 that it “already adequately discloses the methodology” that it uses. The company said that it randomly selects thousands of accounts to be reviewed by people each quarter and has done so for many years.
The SEC also posted a July 27 letter noting that it had concluded its review. “We remind you that the company and its management are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff,” the agency
Sad news Wall Street is yet cell phone data cost-effective
Same thing the US is doing, if it's done in South Africa, your US sponsored disinformation media will be the first to criticise SA. Now you celebrate it - clowns
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Twitter's former security head alleges company misled regulators about security, bots: reportsTwitter Inc misled federal regulators about its security defenses and spam accounts, CNN and the Washington Post reported on Tuesday, citing whistleblower disclosures by the social media company's former security chief Peiter Zatko.
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