3. Twitter drops 11% on troll hate
Pretty meta… Amnesty International published a report revealing that female journalists and politicians face disproportionate amounts of hate online, especially women of color. #SadFact. Then an investment company tried to profit off that report by trolling Twitter – and shares dropped big.
Citron = biased… The investment fund “shorts” shares of a company, then writes negative reports about them. If investor read the report, spit out their drink in disgust, and then sell their shares, then Citron's won (that's how a short works). It called Twitter the “Harvey Weinstein of social media," and it thinks new policies to censor trolls will hurt Twitter too.
The Takeaway: The internet needs tools... to save itself. Like stopping pro bad guys from manipulating the public on social media. Facebook, Google, and Twitter best be working on that. But the bad guys in yesterday’s Amnesty report are basement-dwelling amateur rage trolls. Twitter will try to fight them, but you you'll never erase human ugliness from the internet.