Twitter Shares Fall While Dorsey Addresses Bots, Regulation

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Shares of some of the world's largest tech companies were taking a beating Wednesday as executives from Twitter and Facebook testified before Congress. "In particular, law enforcement should not threaten social media companies with unfounded investigations".

He added: "Abuse, harassment, troll armies, propaganda through bots and human coordination, misinformation campaigns, and divisive filter bubbles - that's not a healthy public square".

Engadget reported that during an earlier Senate hearing alongside Facebook Chief Operating Officer Sheryl Sandberg, Dorsey said Twitter was considering preparing a transparency report related to suspended accounts.

The Senate Intelligence Committee has been looking into efforts to influence USA public opinion for more than a year, after us intelligence agencies concluded that Kremlin-backed entities sought to boost Republican President Donald Trump's chances of winning the White House in 2016.

Social media companies have always been accused of stifling conservative views on their platforms, most recently by Donald Trump. "We did take way too many hours to act, and we are using that as a lesson to help improve our systems".

Google rejected requests to send its CEO Sundar Pichai or parent firm Alphabet chief Larry Page, but offered a writted statement from its chief legal officer Kent Walker.

Another, more complex, issue may arise when Mr Dorsey testifies later in the afternoon in front of the House Energy.

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"This interference was completely unacceptable".

"If the answer is regulation, let's have an honest dialogue about what that looks like", said Senator Richard Burr, the committee chairman. He acknowledged that the company's systems now place the burden of reporting threats on the victim, but said Twitter is committed to "build algorithms to proactively look for when these things are occurring and take action". Dorsey replied, "Not today, but that is an area we are looking at and we'd love to be more open as a company, including our algorithms and how they work".

Congresman Mike Doyle (D- PA) read off statements by President Donald Trump and other Republicans making claims against Twitter that Dorsey said were just false.

The companies have conveyed to the commission that all sponsored content in favour of a political party, political leader or candidate will flag the concerned sponsor and the amount paid for posting the content on Facebook, WhatsApp (owned by Facebook), Google or Twitter.

Twitter CEO Jack Dorsey also faces irate Republicans who contend social media companies have been biased against conservatives.

Twitter's Dorsey also will testify at a House of Representatives hearing on Wednesday that the company "does not use political ideology to make any decisions", according to written testimony also made public on Tuesday.

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