Both sides are bullshitting to negotiate a better price.
https://d18rn0p25nwr6d.cloudfront.net/CIK-0001418091/cb1d93d...
"We have performed an internal review of a sample of accounts and estimate that the average of false or spam accounts during the third quarter of 2020 represented fewer than 5% of our mDAU during the quarter. The false or spam accounts for a period represents the average of false or spam accounts in the samples during each monthly analysis period during the quarter"
This is not a new stat or new information.
Are you saying Twitter isn't bullshitting? You think that Twitter put in their best effort to get an accurate number?
"both sides are bullshitting to get a better price"
Which implies that this number is related to Twitter trying to get a better price. However, if this is the number they have always said, regardless of the methodology, clearly they can't be trying to get a better price - as they started doing this long before there was a price to make better.
That is separate and independent from whether the number is accurate to begin with - if it's remained consistent and publicly available, there's no chicanery here, the risk around that stat has always been baked into the market price of the company.