Twitter estimates spam, fake accounts comprise less than 5% of users —filing

May 4, 2022 - 9:45 AM
578
The Twitter app is seen on a smartphone in this illustration taken July 13, 2021. (Reuters/Dado Ruvic/Illustration/File Photo)

Twitter Inc TWTR.N estimated in a filing on Monday that false or spam accounts represented fewer than 5% of its monetizable daily active users during the first quarter.

The social media company had 229 million users who were served advertising in the first quarter.

The disclosure came days after Tesla Inc TSLA.O Chief Executive Elon Musk, who has inked a deal to buy Twitter for $44 billion, tweeted that one of his priorities would be to remove “spam bots” from the platform.

READ: Twitter’s board hastily grabs $44 billion bird in hand

Twitter said in the filing it faced several risks until the deal with Musk is closed, such as whether advertisers would continue to spend on Twitter and “potential uncertainty regarding our future plans and strategy.”

—Reporting by Sheila Dang in Dallas; Editing by Richard Chang