Twitter said in the letter that its overstatement of mDAU was a result of a feature launched in March 2021 that allowed people to link separate accounts to easily switch between them.
The company said the overstatement of mDAU had no impact on any of its other key metrics or its financial statements. It added that it determined the overstatement was “immaterial,” and therefore “there was not a material weakness in its internal control over financial reporting.”
The case between Musk and Twitter is set to go to trial in October.
Twitter has criticized Zatko and broadly pushed back on his allegations, saying the disclosure paints a “false narrative” of the company and is “riddled with inconsistencies and inaccuracies.”
Twitter and the SEC declined to comment on the SEC correspondence.