Censorship: Twitter Takeover Totally Panics Political Regime of LeftLibDemSocMediaTechPol

[grarpamp]

Twitter lied to its investors, just as it lied about
censorship and influencing elections...

Twitter Misses Revenues, Admits "Over-Stating" Millions Of Users

Having disappointed on the top line ($1.20 billion vs $1.23 billion
expected), seen advertising revenue below expectations, apparently
slashed capex, and somewhat expectedly cut all previously provided
outlooks and goals; Twitter's earnings' revelations offer a glimpse
into why the Board flip-flopped so fast and grabbed Musk's
'apartheid-unleashing' offer so quickly.

However, buried deep in the filings was another little surprise for
the billionaire who just bought the company.

Since the start of 2019, Twitter has been over-estimating the number of users...

    mDAU Recast

    In March of 2019, we launched a feature that allowed people to
link multiple separate accounts together in order to conveniently
switch between accounts.

    An error was made at that time, such that actions taken via the
primary account resulted in all linked accounts being counted as mDAU.

    This resulted in an overstatement of mDAU from Q1’19 through Q4’21.

    The table below provides updated values for mDAU from Q4’20 to
Q4’21 alongside historical reported values for those same time
periods. We are including one decimal place for both the absolute
values and growth rates to give more detail around the magnitude of
the changes. Note that recast data is not available prior to Q4’20 due
to data retention policies, but our estimates suggest the prior period
adjustments are not likely to be greater than those in Q4’20.

The adjustments are all one-way (lower) and are not de minimus... 1.9
million fewer users globally in Q4 2021 than they initially disclosed.

Is someone covering-their-ass ahead of Musk's deep-dive? And what
other little surprises lurk below the surface of this leftist
sanctuary?

The question many are asking now is - is this 'admission' material
enough to warrant a price-adjustment for Musk?