Howard Fischer Quoted In Reuters Article Regarding Twitter’s Liability for Misstating Number of Bots

May 18, 2022


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Howard Fischer was quoted in the recent Reuters article "Analysis-Elon Musk can't easily give Twitter the boot over bots" in a discussion of whether Musk’s claim that Twitter underestimates its number of bot accounts amounts to securities fraud by Twitter.

“It would be difficult to establish the basis for either an SEC enforcement case or a shareholders action, unless it could be shown that Twitter deliberately or recklessly disregarded information that would show that its spam estimates were misleading,” said Mr. Fischer.