Twitter stock rallied as much as 3 percent after executives reiterated that spam bots represent fewer than 5 percent of users.
In a conference call media brief on Thursday, Twitter officials told the press that the social network conducts manual reviews of thousands of accounts every quarter to come up with its 5 percent figure, according to Reuters. In addition, the company utilizes various components to determine the number of spam bots, such as confirming telephone numbers and IP addresses. The San Francisco-based company can verify if a human runs an account by employing these measures.
They added that the actual number of fake accounts is likely below what is disclosed in its filings with the Securities and Exchange Commission (SEC)….