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While this is true it would be a huge deal if Twitter lied about it on paper.


That 5% number is cited in Twitter’s s1 from 2013.


It came out recently they have/had been misreporting (overly) user numbers, so this external pressure which they're now forced to deal arguably won't allow any hidden manipulation to stay hidden.

So it may be a question of just how dishonest Twitter has been, which could/should result in shareholders suing them as well.


They are quite transparent the number could be much higher




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