I generally agree that it's unlikely we'll see any serious accountability. However:
> - The only group who could really hold Twitter accountable are shareholders, but why should they care if the public and Congress don't? The money will roll in either way.
This might be what does it because is it true that the money is and will keep really rolling in? Twitter doesn't pay a dividend and is it reasonable to expect that the company's stock value should increase that much going forward?
Twitter's gross profit numbers aren't as large as you'd think given the household name recognition of the brand. You might be as surprised as I was to discover that meme-stocks like AMC and GameStop are approximately the same size as Twitter in terms of gross profit. Perhaps Twitter is just as much of a big name but ailing dinosaur as those businesses? Or if you want to make comparisons within social media, isn't it surprising that Snap's ~$2.8 billion cap gross profit is right up there with Twitter's ~$3.2 billion. How did that happen? It is also interesting that snap's market cap is only 2/3rds of Twitters despite a much closer delta between the two companies reported profits.
On the whole, things aren't looking too good for the social media right now, take for example facebook losing active users YoY. I often wonder what zeitgeist web properties are going to be remembered as a BIG thing that receded in popularity in the course of about a decade, say like bell-bottom denim jeans from the 60s or disco music from the 70s. Could it be social media for the 2010s?
Anyhow if they aren't paying dividends and they aren't able to keep growing at pace with expectations what exactly are they delivering in terms of value to shareholders?
Given that the allegations are about defrauding shareholders by actively deceiving them and sweeping things under the rug. Twitter's shareholders might be better off revolting against the current leadership to recoup their loses than to look the other way and let this slide.