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