Twitter (TWTR) has been drawing flak for a long time over not doing much to stop the toxic content on its platform. Besides false news, fake accounts and hate speech, Twitter is being blamed for shadow-banning conservatives on its site.
Social media websites, on the whole, have been criticized for showing prejudice against those with conservative views. CEO Jack Dorsey, who tried to pacify critics by stating that his company does not discriminate against anyone based on their political views, ended up revealing that Twitter’s own views tend to lean more towards the left. Dorsey also did not provide clear comments on the topic of shadow-banning.
Dorsey said measures are being taken to weed out fake accounts and profiles and that the effects will be visible over time
Dorsey, however, said the Twitter team was committed to fixing the problem of malicious content on its website and added that a timeframe could not be set as it was a long-term issue that requires going back to the basics. The social media site is looking for ways to discourage users from gaining popularity through unacceptable behavior.
Although Dorsey has stated from time to time that he wants to foster healthy conversations on his website and make it more reliable, the Twitter management has been criticized for not doing enough to curb the hatred on its platform. Dorsey said measures are being taken to weed out fake accounts and profiles and that the effects will be visible over time.
Twitter reported an increase in revenue for its most recent quarter but the decline in user count toppled the stock more than 20% at the time. Looking at the past one month, Twitter’s stock is down around 25%.
Customer relationship management platform Salesforce, Inc. (NYSE: CRM) will be publishing its fourth-quarter 2024 results next week, amid expectations for a year-over-year increase in revenues and earnings. Of late, the
Shares of Macy’s, Inc. (NYSE: M) rose over 2% on Friday. The stock has gained 31% over the past three months. The retailer is scheduled to report its fourth quarter
Warner Bros. Discovery (NASDAQ: WBD), a leading media and entertainment company, has reported financial results for the fourth quarter of 2023. Q4 revenue was $10.28 billion, down 7% from the