As Twitter decided to play nanny and ban the sitting US President, Donald Trump, from its platform, its stock had plummeted as much as 10% on the 11th of January. It had plummeted further on the 12th of January and then, showed some minor signs of recovery on the 13th, however, overall, the effect of Twitter trying to police speech to the extent of banning the sitting President of USA had a real and tangible effect. Following the stock free-fall post ban on Donald Trump, Twitter CEO Jack Dorsey took to Twitter to publish a long-winded thread explaining Twitter’s decision, without really explaining anything.
Jack Dorsey, CEO of Twitter, starts the thread off by claiming that he takes no pleasure in his decision to ban President Donald Trump and further said that he was banned after “several warnings”. Further, he says that he believes the decision was correct. Taking the high moral ground, Jack Dorsey said that offline harm resulting from online words is what drives Twitter’s policy and “enforcement”.
After banning the account of President Trump and a handful of his supporters, Jack said that banning accounts has ‘ramifications’. He further said that banning someone limits conversation, divides people and ‘sets a dangerous precedent’, essentially admitted that Twitter divided people and set a dangerous precedent.
He says that the essence of ‘check and accountability’ on Twitter is the fact that the platform is a small part of the conversation happening on Twitter and thus if someone does not like their rules, they can ‘go elsewhere’. However, this was challenged last week when other companies too censored Donald Trump. Further, trying to shield himself after the Ugandan debacle where he admitted that certain tweets were censored ‘in coordination with peers’, says that the companies reached the conclusion to ban Trump on their own after being ’emboldened’ by others’ decisions.