Twitter did announce as part of its Q1 2022 earnings results press release that the company had misstated the number of monetizable daily active users (mDAUs). We do this every quarter, and we have been doing this for many years. Our estimate is based on multiple human reviews (in replicate) of thousands of accounts, that are sampled at random, consistently over time, from *accounts we count as mDAUs*.
New CEO Parag Agrawal has walked into a tough situation, but Twitter seems confident that its framework for disclosure of active user data is more accurate and useful for investors than what may qualify as a user on a rival social media platform like Facebook, which has nearly 3 billion monthly active users. Morale at the social media company is very low after a number of people quit and then a round of layoffs saw more people leave. It would be pretty cool if Twitter banned Elon. After sending shockwaves through Twitter's stock last week with his announcement that he was pulling out of the deal, it might not have been a smart move to tweet at the SEC in the middle of the night, but what do I know. Musk has replied to several of his fans who are "dunking" on the SEC. That's if you really wanted to do it in the first place. You know, the guy who put 420 in his Twitter offering price, that guy, he may have skipped some due diligence, because this is a complaint that any remotely competent acquirer could have brought up before making an offer. The market has been skeptical of Elon Musk's $44 billion valuation of Twitter for months, with shares of TWTR currently trading at a 35% discount to Musk's $54.20/share offering price. Twitter has not traded above Musk's $54.20/share offering price since April, a 35% discount to the agreed-upon deal price of $44 billion. Musk has been punished by the SEC in the past over tweets and has recently appealed the ruling, but he has somehow skirted those issues in recent months with the timing of his tweets about the $44 billion Twitter (TWTR) acquisition.
In a thread about the impending Twitter lawsuit, Musk replied to a user calling for the regulator to investigate Twitter's bot disclosure and made sure to tag He also tweeted a picture of Chuck Norris playing chess because this is indeed the dumbest timeline. Elon Musk has been thumbing his nose at Twitter and the Securities Exchange Commission for months now, and he appears to have saved his dankest meme just for the SEC.