logo
Plus   Neg
Share
Email

Twitter Shares Down 4% On Dorsey's Statement About Harassment On The Site

Shares of Twitter Inc. (TWTR) is currently down 4% on Wednesday after the social media giant's CEO Jack Dorsey discussed about "not proud of" ways that Twitter has been used.

In two interviews, one with Rolling Stone and the other with The Bill Simmons Podcast, Dorsey discussed several issues affecting the platform.

Twitter, which was founded in 2006 and is currently one of the largest social media network in the world, has become a place for hateful speeches, with divisiveness among the users.

"I feel the weight of how our tool is used in society and how it's been used for good and how it's used for stuff I'm not proud of," Dorsey told Rolling Stone. "Like creating bubbles and echo chambers. I'm not proud of that. Like, we definitely help divide people. We definitely create isolation. We definitely make it easy for people to confirm their own bias."

"We've only given them one tool, which is follow an account that will 90 percent confirm whatever bias you have. And it doesn't allow them to seek other perspectives. It contributes to tribalism. It contributes to nationalism," he added.

When asked by Simmons about the company's fix for harassment problems, Dorsey said, "I don't think there's going to be one single fix. I think it's going to be a constant evolution."

"I will say that we don't feel great about the state that we're in," Dorsey said. "Our entire harassment and abuse framework is dependent upon people reporting harassment and abuse, and it's completely unfair that the victim of the abuse and harassment has to report it themselves."

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Walt Disney Co. confirmed that its upcoming streaming service Disney+ will launch in five countries, including the U.S., in November this year. The company has reached global agreements with major platforms to distribute the Disney+ app across partner mobile and connected TV devices. Disney+ will launch in the U.S., Canada and the Netherlands on November 12. Corporate America is committed to providing long-term economic benefit to all people rather than focusing on just shareholders' interests, Business Roundtable said Monday. The updated statement on the "purpose of a corporation" moves away from the principles of shareholder primacy that has been endorsed since 1997, and redefines corporate responsibility. Club Car, a unit of Ingersoll Rand Inc., withdrew 12,313 gas utility and transport vehicles in two recalls over concerns of fire and burn hazards due to fuel leak. These include about 2,013 vehicles that were sold in Canada. Club Car makes electric and gas-powered golf cars and utility task vehicles (UTVs) for personal and commercial use.
Follow RTT