Insta
Twitter’s Stock Falls 12 Per Cent After Famed Analyst Andrew Left Calls It ‘Harvey Weinstein Of Social Media’
Swarajya Staff
Dec 22, 2018, 09:35 AM | Updated 09:35 AM IST
Save & read from anywhere!
Bookmark stories for easy access on any device or the Swarajya app.
Twitter's stock fell over 12 per cent after Andrew Left, a famous Wall Street journalist, called the microblogging site as the “Harvey Weinstein of social media”, a few days after Amnesty International calls Twitter a “toxic” place for women, reports Tribune India.
Mr.Left, the founder of the online investment newsletter Citron Research, set a low target price of $20 after calling it the “Harvey Weinstein of social media”. He cited the recent Amnesty International study that said that Twitter was "a toxic place for women", especially to women of colour, politicians and journalists. Following this, the stock plummeted 12 per cent on Friday.
Citron wrote in its report that they had been following Twitter for many years and after reading the report from Amnesty International, they felt that the stock had become uninvestable and that the advertisers will soon be forced to take a hard look at all sponsorships with Twitter.
The report from AI states that on an average, women receive an abusive or problematic tweet every 30 seconds, with women of colour (i.e. Black, Asian, Latina and mixed-race women) being 34 per cent more likely to be mentioned in abusive or problematic tweets than white women.
Twitter responded by saying -"Our abusive behaviour policy strictly prohibits behaviour that harasses, intimidates or silences another user's voice."
Vijaya Gadde, the Legal, Policy and Trust and Safety Global Lead at Twitter defended, by saying that Amnesty didn't define precisely what abusive language was in the report and whether they are suggesting to remove it from Twitter.
The study however defined "problematic content" as content that is hurtful/hostile to an individual count.
"Twitter's failure to crack down on this problem means it is contributing to the silencing of already marginalised voices," said Milena Marin, Senior Advisor for Tactical Research at Amnesty International.
Save & read from anywhere!
Bookmark stories for easy access on any device or the Swarajya app.
Support Swarajya's 50 Ground Reports Project & Sponsor A Story
Every general election Swarajya does a 50 ground reports project.
Aimed only at serious readers and those who appreciate the nuances of political undercurrents, the project provides a sense of India's electoral landscape. As you know, these reports are produced after considerable investment of travel, time and effort on the ground.
This time too we've kicked off the project in style and have covered over 30 constituencies already. If you're someone who appreciates such work and have enjoyed our coverage please consider sponsoring a ground report for just Rs 2999 to Rs 19,999 - it goes a long way in helping us produce more quality reportage.
You can also back this project by becoming a subscriber for as little as Rs 999 - so do click on this links and choose a plan that suits you and back us.
Click below to contribute.