An article on CoinDesk:
Twitter's estimates that less than 5% of the accounts on the site are spam or fake, according to a SEC filing. Twitter's share price were down over 20% at $35.8 in pre-market trading.
Elon Musk Puts Twitter Takeover on Hold Till Spam Account Calculation is Done https://www.coindesk.com/business/2022/05/13/elon-musk-puts-twitter-takeover-on-hold-till-spam-account-calculation-is-done https://archive.ph/rRiCu <-- An archive of the article, which can be easier to read
An article in Reuters describing where the 5% number came from:
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.
Twitter estimates spam, fake accounts comprise less than 5% of users -filing https://www.reuters.com/technology/twitter-estimates-spam-fake-accounts-represent-less-than-5-users-filing-2022-05-02 https://archive.ph/nGEzI <-- An archive of the article, which can be easier to read
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