Twitter’s Jack Dorsey admits internet companies have too much power and praises bitcoin as a model to change that

SourceCNBC
SectorTechnology
CountryMiddle east

CEO of Twitter Jack Dorsey testifies remotely during the Senate Commerce, Science, and Transportation Committee hearing 'Does Section 230's Sweeping Immunity Enable Big Tech Bad Behavior', on Capitol Hill in Washington, DC, October 28, 2020.Greg Nash | Pool | ReutersTwitter CEO Jack Dorsey said on Wednesday that banning President Donald Trump was the "right decision for Twitter," but admitted that the internet shouldn't be controlled by a handful of private companies.In a series of 13 tweets, Dorsey said that online speech resulting in real world harm requires action even if a ban on an account is divisive "and sets a precedent I feel is dangerous." He wrote that if a company like Twitter makes a decision that people don't like, they can go elsewhere, creating an inherent check on its power.However, the across-the-board bans of Trump following the Capitol riot raised his level of concern."This concept was challenged last week when a number of foundational internet tool providers also decided not to host what they found dangerous," Dorsey wrote. "I do not believe this was coordinated. More likely: companies came to their own conclusions or were emboldened by the actions of others."Twitter and Facebook took down Trump's account after last ...read more...