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Jack Dorsey breaks his silence on Twitter’s decision to ban Trump after Capitol riots (TWTR)

Summary List PlacementTwitter CEO Jack Dorsey spoke out on Wednesday for the first time following an attempted insurrection at the US Capitol last week — and Twitter’s decision to permanently banish the president over his role in it. In a series of tweets, Dorsey said he believed Twitter made the right call given the extreme…

Summary List PlacementTwitter CEO Jack Dorsey spoke out on Wednesday for the first time following an attempted insurrection at the US Capitol last week — and Twitter’s decision to permanently banish the president over his role in it.
In a series of tweets, Dorsey said he believed Twitter made the right call given the extreme situation, while also expressing concerns about possible negative long-term consequences and advocating for more decentralized efforts to police social media platforms.
“I do not celebrate or feel pride in our having to ban @realDonaldTrump from Twitter, or how we got here. After a clear warning we’d take this action, we made a decision with the best information we had based on threats to physical safety both on and off Twitter,” Dorsey said.
“I believe this was the right decision for Twitter. We faced an extraordinary and untenable circumstance, forcing us to focus all of our actions on public safety. Offline harm as a result of online speech is demonstrably real, and what drives our policy and enforcement above all,” Dorsey added.
His comments alluded to Twitter’s rationale for banning Trump last week, which cited “the risk of further incitement of violence.”
Read more: Twitter warns of more DC violence around January 20th as President-elect Biden expresses confidence his inauguration will be safe

I believe this was the right decision for Twitter. We faced an extraordinary and untenable circumstance, forcing us to focus all of our actions on public safety. Offline harm as a result of online speech is demonstrably real, and what drives our policy and enforcement above all. — jack (@jack) January 14, 2021

However, Dorsey also indicated that blocking Trump was far from his preferred course of action, calling it “a failure of ours ultimately to promote healthy conversation. And a time for us to reflect on our operations and the environment around us.”
Dorsey said that such actions “fragment the public conversation… divide us… limit the potential for clarification, redemption, and learning,” while setting a “dangerous” precedent by highlighting “the power an individual or corporation has over a part of the global public conversation.”
Shortly after Twitter banned Trump last week, Facebook and its subsidiary Instagram took similar steps, while Axios reported that Snap followed on Wednesday — all citing Trump’s incitement of violence — marking the most significant crack down by social media platforms against such a high-profile public figure.
That prompted many Trump supporters to quickly flock to far-right social media platforms like Parler and Gab, which have sought to brand themselves as bastions of free speech because of their lax approaches to policing content.
Read more: Trump wanted to dramatically change the way Big Tech ran their platforms. His attempt to overturn the election may have done just that.
But as widespread reports emerged detailing the extent to which rioters relied on Parler to organize and incite violence on January 6, other major tech companies began cutting ties with the site, with Amazon booting it from AWS, its web-hosting platform, and Apple and Google pulling Parler’s app from their app stores.
Dorsey said that “challenged” the idea that one check on Twitter’s power over the public conversation is competition from sites like Parler and Gab.
“I do not believe this was coordinated. More likely: companies came to their own conclusions or were emboldened by the actions of others,” Dorsey said of the tech companies’ actions. But, he argued: “Over the long term it will be destructive to the noble purpose and ideals of the open internet.”
Dorsey said social media companies needed to reflect on “inconsistencies of our policy and enforcement,” how they “incentivize distraction and harm,” and increase transparency around their content moderation efforts, while also making his case for a more decentralized approach to policing platforms, which he did by plugging Bitcoin and Bluesky, Twitter’s own attempt to do exactly that.

The reason I have so much passion for #Bitcoin is largely because of the model it demonstrates: a foundational internet technology that is not controlled or influenced by any single individual or entity. This is what the internet wants to be, and over time, more of it will be. — jack (@jack) January 14, 2021

 
Questions about the role that social media platforms — large ones like Twitter, Facebook, Instagram, Snap, and Reddit as well as fringe upstarts like Parler, Gab, and MeWe — played in radicalizing, connecting, inciting, and abetting extremists has come into sharp focus following last week’s violence at the US Capitol.
And while the First Amendment doesn’t apply to private companies, It has also reignited debates over how those platforms — which also operate in many authoritarian countries — should balance public safety with free speech and other conflicting values.
Read more: Inside the rapid and mysterious rise of Parler, the ‘free speech’ Twitter alternative, which created a platform for conservatives by burning the Silicon Valley scriptJoin the conversation about this story » NOW WATCH: Here’s what it’s like to travel during the coronavirus outbreak
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New Apple CEO’s LinkedIn leaves everyone saying the same thing

Many social media users associate LinkedIn with a certain type of cringey business-speak. Ternus’s profile is a little different.

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Did Jacob Misiorowski really hit an apple off Quinn Priester’s head?

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Last month, Spotify announced a new round of price increases for subscribers in the United States and other countries. As the price increases start to go into effect starting with February renewals, Apple Music is poking fun at Spotify’s drama on social media.

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Trust Wallet integrates Apple Pay to streamline cryptocurrency purchases

Individuals can now buy crypto on Trust Wallet using Apple Pay. The feature is currently available in more than 45 countries. Such updates reduce entry barriers into the crypto and blockchain world. Trust Wallet, one of the reputable digital asset wallets, has made another step toward promoting cryptocurrency adoption. It has confirmed adding Apple Pay


Trust Wallet integrates Apple Pay to streamline cryptocurrency purchases

  • Individuals can now buy crypto on Trust Wallet using Apple Pay.
  • The feature is currently available in more than 45 countries.
  • Such updates reduce entry barriers into the crypto and blockchain world.

Trust Wallet, one of the reputable digital asset wallets, has made another step toward promoting cryptocurrency adoption.

It has confirmed adding Apple Pay today, November 27, on X, allowing individuals in more than 45 countries to purchase their favourite virtual tokens within seconds.

Notably, the new feature promises an enhanced experience for new and existing users. The announcement read:

Trust Wallet has integrated Apple Pay. Buy your first crypto in seconds. Available in 45+ countries.

Indeed, purchasing digital tokens has been challenging for newbies, with lengthy verification procedures, numerous account setups, and limited payment methods often discouraging them.

Trust Wallet wants to address this challenge. With the integration of Apple Pay, it aims to make digital assets more accessible than ever, as individuals can now buy their “first crypto in seconds.”

How to get started

Depositing funds in a Trust Wallet account using Apple Pay is straightforward.

Users only need to open the app, visit the ‘Fund’ tab, and choose Apple Pay as the desired payment option.

Everything takes a few taps, mirroring the smooth experience when using Apply Pay for day-to-day purchases.

Most importantly, Trust Wallet benefits from Apple Pay’s credibility and security features, which include Touch ID, encrypted payments, and Face ID.

That promises streamlined crypto purchases that don’t compromise user safety.

Trust Wallet expands footprint globally

The team confirmed that users in more than 45 countries can access the Apple Pay transaction option.

Trust Wallet is lowering barriers to joining crypto, which will likely make it an entry point for millions who have struggled to access the digital assets market.

Individuals in jurisdictions with limited options to participate in the cryptocurrency industry now have a swift and secure option.

TWT price outlook

Trust Wallet’s native token remained somewhat muted in the past 24 hours.

The alt is trading at $1.08 after a slight 0.09% uptick on the daily price chart.

TWT has consolidated over the past week after losing nearly 15% in the last 30 days, influenced by broader selling pressure.

Meanwhile, TWT has underperformed the broader market today.

CoinMarketCap data shows the value of all cryptocurrencies increased by more than 3% the last 24 hours to $3.12 trillion.

Bitcoin is trading at $91,480, pumping the altcoin space as risk-on sentiments surfaced.

For now, Bitcoin should reclaim the key zone between $93,000 and $94,000 to shift its near-term trajectory to bullish.

That can support steady upswings towards the $100,000 psychological market.

However, a sudden selling wave will see it retracing to the ‘new’ liquidity region at $85,000 – $86,000.

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