Twitter Sued By Shareholders Over Poor Performance Following Censorship Spree
(Last Updated On: October 27, 2016)

Twitter took on the narrative of “listen and believe”. They appointed people like Anita Sarkeesian’s Feminist Frequency to their Trust and Safety Council and had people like Randi Lee Harper and the Crash Override Network crew in their ear. They censored people like Milo Yiannopoulos, a Conservative provocateur at the behest of comedian Leslie Jones, and have amply ignored a lot of other cases of sexual and aggressive harassment that didn’t fit in line with their Social Justice “progressivism”.

Well, all of these shenanigans that have routed users away from the service and toward other social media start-ups like Candid, GAB and Mind, have caused their share prices to stumble. User growth is flat or declining and their new products aren’t selling like shareholders would like. Worse yet is that CEO Jack Dorsey and some others have been profiting off the decline of Twitter while keeping other shareholders in the dark, and now the investors are fighting back with a lawsuit.

Vessel News has a succinct summary of the events, letting readers know that a complaint was filed in California federal court by a group of shareholders who feel as if Dorsey et al have been withholding vital information regarding Twitter’s stagnated growth. Worse yet, they point to evidence that Dorsey was pocketing funds ahead of the steep drop-off in users while leading investors on with promises of profit growth and business expansion.

Fortune, however, goes a bit more in depth, showing a chart that reveals that Dorsey and a few select members have been selling their shares while the prices were ripe and telling other investors that the shares were still high, even though the company has dipped down to $17 a share.

So what does all this mean? What it means is that shareholders believe Dorsey was selling shareholders one story while reality was telling another. Twitter’s stock was not worth what they were telling their shareholders and the company continues to dive.

Back in January of 2014 they peaked at $69 a share, and have been on a steady decline since then.

The real hits came when Twitter allegedly “purged” conservatives from the platform, as reported by WND back on August 2nd, 2016.

The Washington Times also reported on Twitter’s selective censorship of important topics like the Democratic National Committee leaks that revealed corruption in ensuring Clinton cinched the nod during the DNC Primaries against Presidential hopeful Bernie Sanders.

Twitter hasn’t been alone in the censorship tirades. Mediaite reported that Facebook was also partaking in selective censorship to push an agenda to protect the Democratic National Committee, an eye-opening event that took place after Facebook was accused of culling Conservative topics from their trending feed. Facebook responded by firing the trend setters and replacing them with algorithms.

All of this censorship, agenda pushing and shareholder manipulation has made Twitter a financially toxic entity in the marketplace, with other larger tech companies like Google and Apple forfeiting any bids on purchasing the company. Fortune also reported that Disney backed away from the buyers table as well.

Many suspect that Twitter won’t be around for much longer at its current rate of decline.


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About

Billy has been rustling Jimmies for years covering video games, technology and digital trends within the electronics entertainment space. The GJP cried and their tears became his milkshake. Need to get in touch? Try the Contact Page.

  • Fenrir007

    The day Twitter dies I will go to the closest bar and pay 4 full rounds to everyone present.

    • GodBowser

      Will any SJW’s be hitting the bars to drown their sorrows because their hudbox is gone?

      • Fenrir007

        They can drink Clorox drinks at home for all I care.

  • Alistair

    Haha now this is good news you see, shareholders have a say.

    If the bosses do nothing the shareholders will, I’m really glad now other bias websites will have to think twice.

  • TT

    I guess you could say he has both a private and public persona when dealing with shareholders ( ͡° ͜ʖ ͡°)

  • Reaper of Salt

    Just how many horcruxes does Twatter have?

  • C G Saturation

    Jack Dorsey is an asshole and he deserves a big fat piece of the shit pie he’s been smearing all over our faces.

    Here’s a vaguely relevant link I just saw:
    https://www.reddit.com/r/The_Donald/comments/59ngw1/homeless_trump_supporter_is_now_guarding_the/

    SJWs attacking a homeless and seemingly black+female Trump supporter. Haven’t clicked on the video yet because it’s probably going to be upsetting.

    • Bitterbear

      If you follow the logic from that Peter Thiel article from The Advocate, she’s not really a black person, just a pre-tanned white woman with a Jew-fro.

  • anopolis

    I find it hard to believe that these SJW champions would be so underhanded. Wheres the social justice in lying and cheating? I’m almost inclined to think they’re a bunch of blow hard ass clowns doing their best 1980s tv evangelist impressions. Maybe if we had journalists, we could see an end to this type of behavior…well journalists other than on this here web site.

    • C G Saturation

      In a relatively peaceful society, they need to fabricate enemies to fight. They receive funding and support to combat those non-existent enemies. Thus, social justice cannot exist without lying and cheating. It’s all about finding an excuse to benefit at others’ expense.

      Stuff like piracy, global warming and vaccines are similar situations. Professionals in those fields lose their livelihoods when there is no actual issue. That’s why they have to perpetuate and fabricate the problem, or they don’t get paid.

      • anopolis

        oooh i understand it…and its not hard to believe…my sarcasm didn’t really come through via text…I gotta tell you though i love this place, not only fun games but actual news from time to time! good journalism? whaaaa?..its nice to know there are others out there, that do not buy into all the malarkey. I just wonder how many of us are under 30..under 40?. I worry for the younger generation..not that I’m old..cause I’m not…young as hell here…yep…..

  • AceOfAces_Mod

    Although I have the most followers in Twitter (compared to my own social media accounts), I’m not surprised that twitter would shut down due to idiotically catastrophic decisions.

    • C G Saturation

      It’s sad that they can keep going for so long despite blatant corruption, censorship and treason.

      • “Just like how the U.S. has a supercriminal running for President, and people still actually pledge allegiance to her and destroy so many innocent lives in her name. In a sane world, she wouldn’t even be allowed to run for the position, let alone be running free.”

        Vagina>Everything else

      • Gramma gives faecesbook an added edge. Gotta unplug her from Candy Crush and Farmville so they lose their buffer.

        • Der

          What if your gramma uses it to communicate with their family?

  • Gerg Arata

    Social justice is bad for business? Who would have thought!

    • DisneyVillain

      When Target added the transgender rule, stocks went down.

      When Caepernick and other NFL players protested the anthem for BS reasons, ratings went down.

      When Schumer’s Bud Light Wage gap commercial aired, sales for the beer went so low, Bud Light themselves got rid of the commercial.