- Ex-Dutch football star Johan Neeskens dies
- Man Utd battling to improve fortunes, says Evans
- What is microRNA? Nobel-winning discovery explained
- Masood, Abdullah centuries lift Pakistan to 328-4 in first England Test
- Hurricane Milton strengthens fast, threatens Mexico, Florida
- Tunisia's President Saied set for landslide election win
- Barca hoping to return to Camp Nou 'by end of year'
- Trump to open second golf course at Scotland resort in summer 2025
- Super-sub Jhon Duran rewarded with new Aston Villa deal
- US duo win Nobel for gene regulation breakthrough
- Masood hits first ton for four years to power Pakistan to 233-1
- Fritz wins delayed match to reach Shanghai Masters third round
- Naomi Osaka pulls out of Japan Open with back injury
- Weather may delay launch of mission to study deflected asteroid
- China to flesh out economic stimulus plans after bumper rally
- Artist Marina Abramovic hopes first China show offers tech respite
- Asian markets track Wall St rally on US jobs data
- Pakistan 122-1 at lunch in first England Test
- Kazakhs approve plan for first nuclear power plant
- World marks anniversary of Oct. 7 attack on Israel
- 'Second family': tennis stars hunt winning formula with new coaches
- Philippines, South Korea agree to deepen maritime cooperation
- Mexico mayor murdered days after taking office
- Sardinia's sheep farmers battle bluetongue as climate warms
- Japan govt admits doctoring 'untidy' cabinet photo
- Israel marks first anniversary of Hamas's October 7 attack
- Darvish tames Ohtani as Padres thrash Dodgers
- Asian markets track Wall St rally on jobs data
- Family affair as LeBron, Bronny James make Lakers bow
- Cancer, cardiovascular drugs tipped for Nobel as prize week opens
- As Great Salt Lake dries, Utah Republicans pardon Trump climate skepticism
- Amazon activist warns of 'critical situation' ahead of UN forum
- Mourners pay tribute to latest victims of deadly Channel crossing
- Tunisia incumbent Saied set to win presidential vote: exit polls
- Phillies win thriller to level Mets series
- Yu bags first PGA Tour win with playoff win
- PSG held by Nice to leave Monaco clear at top of Ligue 1
- AC Milan fall at Fiorentina after De Gea's penalty heroics
- Lewandowski treble for leaders Barca as Atletico held
- Fresh Israeli strikes hit south Beirut
- Sucic stunner earns Real Sociedad draw against Atletico
- PSG draw with Nice, fail to reclaim top spot in Ligue 1
- Gudmundsson downs AC Milan after De Gea's penalty heroics for Fiorentina
- 'Yes' vote prevails in Kazakhstan nuclear plant vote: TV
- 'Difficult day': Oct 7 commemorations begin with festival memorial
- Commemorations begin for anniversary of attack on Israel
- Lewandowski hat-trick powers Liga leaders Barca to Alaves victory
- 'Nothing gets in way of team,' says Celtics' MVP hopeful Tatum
- India maintain Pakistan stranglehold as Windies cruise at Women's T20 World Cup
- 'We will win!': Mozambique's ruling party confident at final vote rally
CMSC | -0.02% | 24.695 | $ | |
SCS | -1.35% | 12.797 | $ | |
BTI | -0.23% | 35.21 | $ | |
GSK | 0.51% | 39.02 | $ | |
RIO | -0.07% | 69.65 | $ | |
CMSD | -0.11% | 24.785 | $ | |
NGG | -0.96% | 65.87 | $ | |
BP | 0.9% | 33.18 | $ | |
AZN | -0.16% | 77.35 | $ | |
RYCEF | 0% | 6.98 | $ | |
BCE | 0.04% | 33.725 | $ | |
RBGPF | -1.16% | 60.1 | $ | |
BCC | -1.58% | 136.738 | $ | |
RELX | -0.9% | 45.875 | $ | |
JRI | -0.15% | 13.26 | $ | |
VOD | 0.22% | 9.681 | $ |
US regulator queried Twitter on false accounts
Twitter faced scrutiny from US market regulators over how the platform calculates the number of false or spam accounts, a topic at the heart of the firm's legal battle with Elon Musk.
The Security and Exchange Commission's letter sent mid-June, but made public only Wednesday, asked Twitter to disclose its methodology as well as the "underlying judgements and assumptions" involved.
That letter surfaced just a day after news broke that a former Twitter security chief had told US authorities the company misled users and regulators about "extreme, egregious" security gaps.
Twitter rejected those accusations, which could help Musk in the October trial over whether he can walk away from his $44 billion bid to buy the platform.
When queried for comment on the letter, Twitter on Wednesday cited its SEC reply, which reiterated its statement that false or spam accounts are fewer than five percent of Twitter users who can be shown ads.
"Twitter believes that it already adequately discloses the methodology that it uses in calculating these figures," said the firm's June 22 reply, which noted previous filings and public comments.
While the SEC deals primarily with activities involving securities, mainly stocks and bonds, it may also be interested in listed companies' communications to verify they present a reliable picture of a business's activities.
The issue of fake and spam accounts is at the heart of the legal battle between Twitter and Tesla chief Musk.
Musk has moved to back out of the deal by saying the firm misled him on the numbers of those accounts, but Twitter has sued to try to force him close the purchase.
The case is to be decided in a trial, which will begin on October 17 and is scheduled to last five days.
Peiter Zatko, former Twitter security chief-turned-whistleblower, has thrown fresh turbulence into the company's fight with Musk.
His complaint warned of obsolete servers, software vulnerable to computer attacks and executives seeking to hide the number of hacking attempts, both from US authorities and from the company's board of directors.
In particular, Zatko accuses the platform and its CEO Parag Agrawal of issuing untrue statements on account numbers because "if accurate measurements ever became public, it would harm the image and valuation of the company."
US lawmakers immediately raised concerns about the allegations in Zatko's filing and have pledged to look into them.
D.Sawyer--AMWN