Microsoft shareholder pushes company to address sexual harassment after Bill Gates misconduct allegations

Even so, Twitter (TWTR) is having an excellent 2021 on Wall Street. The inventory is up practically 30% this 12 months, barely outpacing the good points of Facebook (FB) and Snap (SNAP). But with Twitter set to report earnings after the closing bell Thursday, challenges stay.
The firm hasn’t “seen an increase in the number of new people joining the conversation with Fleets like we hoped,” Ilya Brown, Twitter’s vp of product, wrote in a blog post earlier this month.

The Fleets failure is emblematic of Twitter’s challenges: making an attempt to show to customers and advertisers that it may be greater than a information wire on steroids for media junkies. Donald Trump additionally is now not a presence on the platform, having been banned simply weeks earlier than his presidency ended following the violent protests on the Capitol on January 6.

That leaves Twitter within the uncomfortable place of being accused of anti-conservative bias whereas making an attempt to fill an enormous content material void to draw extra customers.

Analysts predict that Twitter ended the second quarter with about 206 million customers, up practically 11% from a 12 months in the past and greater than 3% above the 199 million customers it had on the finish of March. That’s regular, however not spectacular, development.

Some shareholders are additionally apprehensive that Twitter hasn’t achieved sufficient to crack down on controversial content material.

Activist agency and Twitter investor Arjuna Capital made a shareholder proposal on the firm’s annual assembly in late May that referred to as for the corporate so as to add somebody with a human rights or civil rights background to its board. Or higher but, each.

You can buy the first-ever tweet. The current bid: $2.5 million You can buy the first-ever tweet. The current bid: $2.5 million
Arjuna has made comparable proposals to Facebook in addition to Google and YouTube proprietor Alphabet (GOOGL), however its solutions have been voted down by shareholders at these firms.

“Only after the violent attack on the U.S. Capitol was Donald Trump banned from the platform to stop the further incitement of violence,” mentioned Natasha Lamb, managing accomplice at Arjuna Capital, at Twitter’s annual assembly.

“The ties between the company’s business model and threats to civil and human rights can no longer be ignored,” she added. “And while this model has been profitable, it is increasingly problematic, threatening Twitter’s brand and social license to operate.”

Ad income is the lifeblood of Twitter’s enterprise, accounting for about 85% of whole gross sales.

Lamb argued that “Twitter is losing the trust of its advertisers, users, and perhaps most importantly, public policymakers.”

Should Dorsey focus extra on Twitter? Or Square?

Twitter is not out of the woods with politicians but, both. Trump is suing CEO Jack Dorsey, together with Faceboook’s Mark Zuckerberg and Alphabet’s Sundar Pichai, over his bans from the platforms.

During the Twitter annual assembly, Dorsey mentioned about Trump that “we went directly towards our terms of service in the removal of that account. There’s no switching from that. When we permanently ban an account, we permanently ban it.”

Microsoft shareholder pushes company to address sexual harassment after Bill Gates misconduct allegationsMicrosoft shareholder pushes company to address sexual harassment after Bill Gates misconduct allegations
Yet there are members of Congress from each events who’re concerned about the presence of misinformation on Twitter and different social media platforms, which raises worries that they could attempt to impose stricter laws down the highway.
Finally, some Twitter traders and analysts are nonetheless anxious about Dorsey being stretched too skinny, as a result of he continues to run Twitter in addition to the digital funds large Square (SQ).

There have been intermittent calls from analysts for Dorsey to decide on certainly one of his firms and handle it full time. Square’s inventory has been a a lot better performer since its 2015 preliminary public providing than Twitter has since going public in 2013. For that motive, some analysts assume Dorsey must dedicate all his efforts to rising Twitter. But others argue that he ought to capitalize on Square’s success and let another person run the social media platform.

And whereas different tech executives, most notably Elon Musk of Tesla (TSLA) and SpaceX, juggle two high jobs, Dorsey may observe the instance of Jeff Bezos, who just lately stepped down as CEO of Amazon (AMZN) with the intention to give attention to his space company Blue Origin and different enterprise pursuits resembling The Washington Post.


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