Your take (and your hilarious "uptrend is still intact") seems a little myopic
This is Twitter monthly active users:
336 million before the great unbotting. 70 million accounts blocked already (bots tend to be active) in the last two months and they're still going in July at a rate of a million a day. Basically:
- Minimum 20% of active accounts are not real
- The rate of account deletion has not slowed down according to reports, so we don't have an upper bound. >25% without a doubt.
- Fake account level is greater than three year's worth of growth in MAUs. Let that sink in.
- Weak growth may in fact be non-existent; Twitter could actually be in decline in terms of MAU, which blows apart the already weak growth story justifying multiples.
These are 100 million+ real eyeballs that were potentially monetizable in hedge fund models that now officially don't exist.