United States securities and exchange commission logo
June 15, 2022
Parag Agrawal
Chief Executive Officer
Twitter, Inc.
1355 Market Street, Suite 900
San Francisco, California 94103
Re: Twitter, Inc.
Annual Report on
Form 10-K for the fiscal year ended December 31, 2021
Filed February 16,
2022
Quarterly Report on
Form 10-Q for the quarter ended March 31, 2022
Filed May 2, 2022
File No. 001-36164
Dear Mr. Agrawal:
We have reviewed your filing and have the following comments. In
some of our
comments, we may ask you to provide us with information so we may better
understand your
disclosure.
Please respond to these comments within ten business days by
providing the requested
information or advise us as soon as possible when you will respond. If
you do not believe our
comments apply to your facts and circumstances, please tell us why in
your response.
After reviewing your
response to these comments, we may have additional comments.
Annual Report on Form 10-K filed February 16, 2022
Risk Factors
We rely on assumptions . . . , page 24
1. We note your estimate
that the average number of false or spam accounts during fiscal
2021 continues to
represent fewer than 5% of mDAU. To the extent material, please
disclose the
methodology used in calculating these figures and the underlying judgements
and assumptions used by
management.
Parag Agrawal
FirstName
Twitter, Inc.LastNameParag Agrawal
Comapany
June NameTwitter, Inc.
15, 2022
June 15,
Page 2 2022 Page 2
FirstName LastName
Quarterly Report on Form 10-Q for the period ended March 31, 2022
Management's Discussion and Analysis of Financial Condition and Results of
Operations
mDAU Recast, page 34
2. You disclosed that an error was made in March 2019 which resulted in
an overstatement
of mDAU from the first quarter of 2019 through the fourth quarter of
2021. Please
discuss how the error was discovered, when and by whom. Given that the
error persisted
for three years, please tell us how you concluded there was not a
material weakness in
your internal control over financial reporting and that your
disclosure controls and
procedures were effective as of March 31, 2022.
We remind you that the company and its management are responsible for
the accuracy
and adequacy of their disclosures, notwithstanding any review, comments, action
or absence of
action by the staff.
You may contact Claire DeLabar, Senior Staff Accountant, at (202)
551-3349 or Robert
Littlepage, Accounting Branch Chief, at (202) 551-3361 if you have questions
regarding
comments on the financial statements and related matters. Please contact Austin
Pattan, Staff
Attorney, at (202) 551-6756 or Jan Woo, Legal Branch Chief, at (202) 551-3453
with any other
questions.
Sincerely,
Division of
Corporation Finance
Office of
Technology
cc: Katharine Martin