> ARR as a number for steady business or public company is much simpler, ARR for companies at this early stage fueled by the motivation for IPO is more than just a number. Its an attempt to convince the market for a certain outcome without revealing the books

Of course ARR is simpler for less dynamic companies. Tautology.

Of course a PR is a communication to the market. Also a tautology.

You are framing functional numbers and behavior as fraudulent because... a newsy PR isn't a formal disclosure?

Cynicism is fine. However: accusations should reference some evidence, not just distrust.