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TWITTER, INC.

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

10/22/2020 | 10:23am EDT

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 0.80% 332.29 Delayed Quote.21.65%
SQUARE, INC. -1.33% 233.89 Delayed Quote.7.47%
TWITTER, INC. 1.82% 61.96 Delayed Quote.14.42%
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Financials (USD)
Sales 2021 4 788 M - -
Net income 2021 157 M - -
Net cash 2021 5 089 M - -
P/E ratio 2021 339x
Yield 2021 -
Capitalization 49 329 M 49 329 M -
EV / Sales 2021 9,24x
EV / Sales 2022 7,38x
Nbr of Employees 5 500
Free-Float 97,5%
Chart TWITTER, INC.
Duration : Period :
Twitter, Inc. Technical Analysis Chart | TWTR | US90184L1026 | MarketScreener
Technical analysis trends TWITTER, INC.
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 41
Average target price 64,40 $
Last Close Price 61,96 $
Spread / Highest target 53,3%
Spread / Average Target 3,94%
Spread / Lowest Target -51,6%
EPS Revisions
Managers and Directors
NameTitle
Jack Dorsey Chief Executive Officer & Director
Ned D. Segal Chief Financial Officer
Patrick Pichette Chairman
Parag Agrawal Chief Technology Officer
Dantley Davis Head-Research & Design
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