Twitter CEO announces no more political ads

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Twitter will no longer allow political advertising on their platform, co-founder and CEO Jack Dorsey announced on Wednesday.

“We believe political message reach should be earned, not bought,” Dorsey tweeted, along with a number of additional tweets explaining the reasons why.

“While internet advertising is incredibly powerful and very effective for commercial advertisers, that power brings significant risks to politics, where it can be used to influence votes to affect the lives of millions,” Dorsey wrote. “Internet political ads present entirely new challenges to civic discourse: machine learning-based optimization of messaging and micro-targeting, unchecked misleading information, and deep fakes. All at increasing velocity, sophistication, and overwhelming scale.”

“We considered stopping only candidate ads, but issue ads present a way to circumvent. Additionally, it isn’t fair for everyone but candidates to buy ads for issues they want to push. So we’re stopping these too,” Dorsey added.

Former Vice President Joe Biden’s 2020 presidential campaign team responded to the news.
“We appreciate that Twitter recognizes that they should not permit disproven smears, like those from the Trump campaign, to appear in advertisements on their platform,” said Bill Russo, the Biden campaign’s deputy communications director in a statement.

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Twiter CEO,Jack Dorsey

“It would be unfortunate to suggest that the only option available to social media companies to do so is the full withdrawal of political advertising, but when faced with a choice between ad dollars and the integrity of our democracy, it is encouraging that, for once, revenue did not win out.”

Another Democratic hopeful, Montana Gov. Steve Bullock, reacted to Twitter’s announcement by tweeting, “Good. Your turn, Facebook.”

Trump campaign manager, Brad Parscale, slammed Twitter’s decision, saying in a statement, “Twitter just walked away from hundreds of millions of dollars of potential revenue, a very dumb decision for their stockholders. Will Twitter also be stopping ads from biased liberal media outlets who will now run unchecked as they buy obvious political content meant to attack Republicans? This is yet another attempt to silence conservatives, since Twitter knows President Trump has the most sophisticated online program ever known.”

But the effect of Twitter’s move might not be as impactful as if Facebook followed suit. For example, while the Trump campaign is spending $15.6 million on Facebook ads and $9.1 million on Google ads since January, they have only spent $6,300 on Twitter ads.

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Facebook CEO, Mark Zuckerberg

Trump campaign communications director, Tim Murtaugh, told ABC News that the campaign planned to spend “many” millions over the next 12 months on the platform, after shutting down their Twitter ads back in August.

Twitter CFO Ned Segal also acknowledged on on Twitter, “political ad spend for the 2018 US midterms was <$3M.”

The final policy will be shared on Nov. 15 and will go into effect on Nov. 22, Dorsey said, noting there will be a “few exceptions” including ads that support voter registration.

“This isn’t about free expression. This is about paying for reach. And paying to increase the reach of political speech has significant ramifications that today’s democratic infrastructure may not be prepared to handle. It’s worth stepping back in order to address,” Dorsey concluded.

Dorsey’s announcement is a striking contrast from Facebook’s standing policy, which virtually gives advertisers free reign on the platform to spread disinformation in political ads, amid rising concerns over the influence of social media on voters ahead of the 2020 election.

Not long after Dorsey made the announcement about political ads. Zuckerberg posted about Facebook’s political ad policy.

“Right now, the content debate is about political ads. Should we block political ads with false statements? Should we block all political ads? Google, YouTube and most internet platforms run these same ads, most cable networks run these same ads, and of course national broadcasters are required by law to run them by FCC regulations,” he wrote on Facebook.

“I don’t think it’s right for private companies to censor politicians or the news … And it’s hard to define where to draw the line. Would we really block ads for important political issues like climate change or women’s empowerment? Instead, I believe the better approach is to work to increase transparency. Ads on Facebook are already more transparent than anywhere else. We have a political ads archive so anyone can scrutinize every ad that’s run — you can see every message, who saw it, how much was spent — something that no TV or print media does,” he continued.

He also denied that Facebook’s political ad policy was about making money. “Some people accuse us of allowing this speech because they think all we care about is making money. That’s wrong. I can assure you, from a business perspective, the controversy this creates far outweighs the very small percent of our business that these political ads make up. We estimate these ads from politicians will be less than 0.5% of our revenue next year. That’s not why we’re doing this,” he wrote.

Last week, Facebook CEO Mark Zuckerberg was grilled on Capitol Hill as he defended the social media giant’s controversial policy about not fact-checking most political ads before lawmakers.

In his congressional testimony, Zuckerberg said his company would not engage in any censorship or fact-checking of political ads – and when pressed by several Democratic committee members, the tech-giant founder argued, “We believe in a democracy, it is important that people can see for themselves what politicians are saying.”

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