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Twitter Bans Political Advertising

posted by Fnord666 on Thursday October 31 2019, @03:14PM   Printer-friendly
from the internet-echo-chamber dept.

takyon writes:

Twitter to ban all political advertising

Twitter is to ban all political advertising worldwide, saying that the reach of such messages "should be earned, not bought". "While internet advertising is incredibly powerful and very effective for commercial advertisers, that power brings significant risks to politics," company CEO Jack Dorsey tweeted.

Social media rival Facebook recently ruled out a ban on political ads.

News of the ban divided America's political camps for the 2020 election. Brad Parscale, manager of President Donald Trump's re-election campaign, said the ban was "yet another attempt by the left to silence Trump and conservatives". But Bill Russo, spokesman for the campaign to elect Democratic front-runner Joe Biden, said: "When faced with a choice between ad dollars and the integrity of our democracy, it is encouraging that, for once, revenue did not win out."

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  • (Score: 3, Insightful) by Runaway1956 on Thursday October 31 2019, @04:25PM (6 children)

    by Runaway1956 (2926) Subscriber Badge on Thursday October 31 2019, @04:25PM (#914204) Journal

    They are kneecapping their own business

    https://www.redstate.com/brandon_morse/2019/03/29/get-woke-go-broke-dicks-sporting-goods-loses-millions-anti-gun-stance/ [redstate.com]

    Get Woke Go Broke: Dick’s Sporting Goods Loses Millions Over Anti-Gun Stance
    Posted at 3:00 pm on March 29, 2019 by Brandon Morse

    The silent majority doesn’t make a lot of noise, at least in the same way your run-of-the-mill leftist activist does. Typically, when you anger Americans you will start to see how badly you messed up over time. For Dick’s Sporting Goods, their decline is incredibly expensive.

    It all started when the Parkland shooting caused Dick’s CEO, Ed Stack, to declare that his company would no longer sell AR-15’s, and urged more gun-control laws be put in place. Naturally, this didn’t sit well with Americans, who began turning their back on the business. Stock shares began falling, and instead of course correcting, Stack doubled down on his anti-gun stance.

    Now, according to the St. Louis Post Dispatch, the house that Stack razed has lost out on millions of dollars, and what’s more, Stack isn’t even sorry:

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  • (Score: -1, Flamebait) by Anonymous Coward on Thursday October 31 2019, @06:27PM (1 child)

    by Anonymous Coward on Thursday October 31 2019, @06:27PM (#914269)

    Someone should stab Ed Stack to death.

    • (Score: 1, Funny) by Anonymous Coward on Thursday October 31 2019, @07:14PM

      by Anonymous Coward on Thursday October 31 2019, @07:14PM (#914288)

      Someone should shoot Ed Stack to death with a star-spangled AR15.

      There. FTFY. Because guns don't kill people, whack jobs with guns do.

  • (Score: 3, Insightful) by Phoenix666 on Thursday October 31 2019, @09:21PM

    by Phoenix666 (552) on Thursday October 31 2019, @09:21PM (#914338) Journal

    Well, if Stack isn't sorry then he couldn't have cost Dick's Sporting Goods that much money with his anti-gun stance. Saying "lost out on millions of dollars" is saying that's money you didn't make from selling guns, not that you lost revenue from selling other goods because people don't want to shop there at all anymore.

    Usually, though, when a CEO of a publicly traded company makes a decision to make less money on purpose, large shareholders sue the company. If that doesn't happen, if pension funds, hedge funds (who have no morals except profit maximization), and mutual funds don't sue them, then that will tell a very much larger story about what's really going on in the world. I haven't put that much credence in the notion that the Deep State/1%/UniParty/Lizard People are staging a coup to overthrow democracy in the West, but if the Big Money starts to behave in a fundamentally different manner than their usual, then you know something's up.

    --
    Washington DC delenda est.

  • (Score: 2) by hemocyanin on Thursday October 31 2019, @10:14PM (2 children)

    by hemocyanin (186) on Thursday October 31 2019, @10:14PM (#914356) Journal

    An update: 250 billion: https://www.pghcitypaper.com/pittsburgh/dicks-sporting-goods-ceo-feels-fine-about-losing-250-million-following-gun-sale-restrictions/Content?oid=16002028 [pghcitypaper.com]

    • (Score: 2) by hemocyanin on Thursday October 31 2019, @10:15PM

      by hemocyanin (186) on Thursday October 31 2019, @10:15PM (#914357) Journal

      M, not B -- MILLION, not billion.

    • (Score: 0) by Anonymous Coward on Friday November 01 2019, @01:38PM

      by Anonymous Coward on Friday November 01 2019, @01:38PM (#914559)

      They operate large brick and mortar stores that could easily be replaced by Amazon or Walmart. Time will tell if alienating a chunk of their customer base was a good idea.