One day after Twitter implemented its vamped up crackdown on hateful conduct and abusive behavior, an executive for the social network said it is “no longer possible to stand up for all speech.”
Walking back the attitude the social network once had for free expression, Sinead McSweeney, Twitter’s vice president for public policy and communications in Europe, explained the new shift that the company is taking.
“I look back over last 5 1/2 years, and the answers I would have given to some of these questions five years ago were very different,” Sweeny told British politicians and other social media executives on Tuesday. “Twitter was in a place where it believed the most effective antidote to bad speech was good speech. It was very much a John Stuart Mill-style philosophy.”
After claiming that the world has changed, the Twitter executive went on to say: “We’ve had to go on a journey with it, and we’ve realized it’s no longer possible to stand up for all speech in the hopes society will become a better place because racism will be challenged, or homophobia challenged, or extremism will be challenged.”
The change of attitude is a complete about-face to what the company was wearing on its sleeve in 2012 when Twitter’s first executive in the UK, Tony Wang, described the company as the “free speech wing of the free speech party.”
In November, Twitter announced that Monday would mark the day the company begins suspending accounts which engage in “hateful conduct” or affiliate with organizations which “use or promote violence against civilians to further their causes” both on and off the platform.
“You may not promote violence against, threaten, or harass other people on the basis of race, ethnicity, national origin, sexual orientation, gender, gender identity, religious affiliation, age, disability, or serious disease,” reads an update to Twitter’s Help Center.
The strict crackdown will also target whatever the company deems as hateful imagery and display names.
“You may not use hateful images or symbols in your profile image or profile header,” the update reads. “You also may not use your username, display name, or profile bio to engage in abusive behavior, such as targeted harassment or expressing hate towards a person, group, or protected category.”
McSweeney’s uncloaking of the social network’s new attitude came at perhaps the most appropriate time as the new rules set forth will effectively allow Twitter to openly engage in censorship without repercussion.
Amongst the first victims of the Twitter purge were Paul Golding and Jayda Fransen, both the leaders of Britain First.
Britain First is a nationalist organization considered to be a hate group by the British government.
The open implementation of the new rules has sparked some users of the former “free speech wing of the free speech party” to open accounts on the pro-free speech social network, Gab.
Soros Newest Investor Of Tesla Bonds
Tesla looks to have a new bond holder and it’s none other than George Soros. Whatever this mean, Soros has also taken a stake in Crypto-Currencies .
Zerohedge Reports: Amid Elon Musk’s darkest hour in late March – as his stocks and bonds tumbled in price – it seems there was at least one other billionaire willing to buy the ‘blood on the street’.
According to the latest 13Fs, George Soros’ investment firm took a $35 million stake in Tesla’s convertible bonds during the first three months of the year.
As a reminder, convertibles are hybrid securities, either bonds or preferred stock, that can be exchanged for a predetermined number of common shares. That effectively lets an investor participate in stock-price changes, but with the yield and greater security of a fixed-income instrument.
The March 2019 Converts bounced handsomely off those lows – tracking the stock’s divergent bounce – but in recent days has fallen back towards the lows, catching down to the straight bonds record low price.
“Racial Bias Education Day” To Close Down Starbucks Nationwide
Starbucks is going to the illogical extreme by taking an entire day to put their employees through what they call “Racial Bias Education Day”. Coming after a viral videos showed two men being arrested in a Starbucks in Philadelphia. Starbucks almost instantly gave into calls to do ‘something’ but will this really fix anything in a culture where ‘racism’ is more of a political talking point than an actual substantive conversation or debate.
CNBC Reports: Starbucks said Tuesday it will be closing all of its company-owned restaurants in the U.S. during the afternoon of May 29 to conduct a racial-bias education program.
“I’ve spent the last few days in Philadelphia with my leadership team listening to the community, learning what we did wrong and the steps we need to take to fix it,” Kevin Johnson, CEO of Starbucks, said in a statement Tuesday. “While this is not limited to Starbucks, we’re committed to being a part of the solution. Closing our stores for racial bias training is just one step in a journey that requires dedication from every level of our company and partnerships in our local communities.”
Soros Now Investing In Crypto-Currencies
After a historic drop in cryptocurrency prices in the first quarter, one which deflated much of the euphoria that surrounded the sector in late 2017 and the start of this year, the space is about to get exciting again because none other than 87-year-old billionaire George Soros is reportedly preparing to trade cryptocurrencies as prices plunge.
According to Bloomberg, Adam Fisher -who oversees macro investing at New York-based Soros Fund Management – has received internal approval to trade virtual coins in the last few months, “though he has yet to make a wager.”
The question, of course, is whether Bloomberg’s leak is accurate, and if indeed Soros is only now getting started in the space or if he has quietly loaded up already.
What is ironic, is that just three months ago when speaking at the World Economic Forum in Davos, Soros said digital coins cannot function as actual currencies because of their volatility, “but he didn’t predict the hard tumble that some observers had forecast at the time.”
“As long as you have dictatorships on the rise you will have a different ending, because the rulers in those countries will turn to Bitcoin to build a nest egg abroad,” Soros, 87, said on Jan. 25.
With Bitcoin tumbling below $7000 recently…