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MarketScreener Homepage  >  Equities  >  Nyse  >  Twitter    TWTR

TWITTER

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Senate Judiciary Committee Authorizes Subpoenas for Twitter and Facebook CEOs -- Update

10/22/2020 | 10:23am EST

By Siobhan Hughes

The Senate Judiciary Committee authorized its chairman to issue subpoenas to the chief executives of Facebook Inc. and Twitter Inc., after the companies limited sharing of New York Post articles regarding the son of Democratic presidential nominee Joe Biden.

The Republican-led panel voted 12-0 to authorize Chairman Lindsey Graham (R., S.C.) to issue subpoenas to Facebook's Mark Zuckerberg and Twitter's Jack Dorsey.

The vote will "hopefully give us some leverage to secure their testimony, " Mr. Graham said.

Democrats sat out the meeting, as they boycotted a separate committee vote to advance Supreme Court nominee Amy Coney Barrett to the full Senate.

Twitter last week blocked users from posting links to the New York Post articles, initially citing a potential violation of its rules regarding hacked materials. The company later said the articles also violated its policies on displaying private information like email addresses and phone numbers without a person's permission. Mr. Dorsey said at the time that the company's failure to give context around its actions was "unacceptable."

Twitter's move came after Facebook also limited the distribution of the articles on its platform, saying it was awaiting guidance from its third-party fact-checking partners. Facebook slowed the spread of the Post articles pending a decision by those partners, a spokesman said last week.

Write to Siobhan Hughes at siobhan.hughes@wsj.com

(END) Dow Jones Newswires

10-22-20 1022ET

Stocks mentioned in the article
ChangeLast1st jan.
FACEBOOK INC 3.16% 276.92 Delayed Quote.30.78%
SQUARE, INC. -2.35% 202.9 Delayed Quote.232.13%
TWITTER 0.65% 45.23 Delayed Quote.40.22%
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More news
Financials (USD)
Sales 2020 3 611 M - -
Net income 2020 -1 104 M - -
Net cash 2020 4 850 M - -
P/E ratio 2020 -32,4x
Yield 2020 -
Capitalization 35 883 M 35 883 M -
EV / Sales 2020 8,59x
EV / Sales 2021 7,19x
Nbr of Employees 4 900
Free-Float 96,4%
Chart TWITTER
Duration : Period :
Twitter Technical Analysis Chart | TWTR | US90184L1026 | MarketScreener
Technical analysis trends TWITTER
Short TermMid-TermLong Term
TrendsBearishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 39
Average target price 44,68 $
Last Close Price 45,23 $
Spread / Highest target 41,5%
Spread / Average Target -1,22%
Spread / Lowest Target -58,0%
EPS Revisions
Managers
NameTitle
Jack Dorsey Chief Executive Officer & Director
Patrick Pichette Chairman
Ned D. Segal Chief Financial Officer
Parag Agrawal Chief Technology Officer
Dantley Davis Head-Research & Design
Sector and Competitors
1st jan.Capitalization (M$)
TWITTER40.22%35 447
FACEBOOK INC30.78%764 567
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