Twitter has been overstating its global users
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According to Twitter’s latest financial report, not only did the company not meet revenue expectations, but they also admitted that since 2019, the company has been “over-stating” how many users are on the platform.
“In March of 2019, we launched a feature that allowed people to link multiple separate accounts together in order to conveniently switch between accounts,” Twitter explains. “An error was made at that time, such that actions taken via the primary account resulted in all linked accounts being counted as [monetizable daily active Twitter users] mDAU.”
“This resulted in an overstatement of mDAU from Q1’19 through Q4’21.”
Based on their revised figures, Twitter now admits to having 1.9 million fewer global users in Q4 2021.
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I suspected that Musk's accountants would find the discrepancy. The current management may have to deal with the SEC on these disclosure discrepancies.
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