Friday, Twitter (NYSE:TWTR) CEO Jack Dorsey acknowledged the criticism, saying he agreed fact-checking “should be open source and thus verifiable by everyone.” In a separate Tweet, Dorsey said more transparency from the company is “critical.”
His company’s stock price is off 9% on the week, or about $2.4-B in market cap. My Key technical indicators are flashing Bearish to Very Bearish as of Friday’s close. Shareholder class action lawsuits against Mr Dorsey and his company loom.
The head of Twitter’s post-policing team that flagged a pair of Tweets by President Trump, marking them with fact-check labels, has a questionable history of politically charged Tweets of his own.
Twitter’s “Head of Site Integrity” Yoel Roth, who is in charge of the team responsible for developing and enforcing the social media site’s rules, faced heavy criticism Wednesday for previous Y 2017 Tweets in which he referred to Team Trump as “ACTUAL NAZIS IN THE WHITE HOUSE” and called Senate Majority Leader Mitch McConnell a “personality-free bag of farts.”
President Trump signed an EO commanding the FCC to investigate Twitter and other anti-conservative social media platforms. Now their status is in question.
Have a healthy weekend, Keep the Faith!