Re: Found some of the money
As its their own metric, with their own parameters, it cant be fraud. If the value isn't exactly 5% if its more, oops, honest mistake.
So those sales figures. When we said it was only 5% of revenue, it was an honest mistake..
Seems like people expect Musk to be spending $44bn sight unseen. Fake user/bot numbers might not be an official GAAP metric, but user numbers are a pretty key element of the valuations for social/new media companies, especially if your business case relies on monetising those users.
So IMHO, it depends on how far out the 5% is in Twitter's public filings, because that's material information that affects valuation, and stock price. If that's grossly underestimated or reported, well, explaining that might prove problematic.. like in most fraud cases.