Twitter down by more than 10% after Israel announces possible legal actions

March 20, 2018 01:43 PM

Twitter’s stock price dropped by more than 10% after Bloomberg reported that the Israeli government is considering legal actions against the American social media company.

Israeli Justice Minister Ayelet Shaked accused Twitter of ignoring Israeli government requests to remove online content that was inciting or supportive of terrorism at a Jerusalem conference, according to the Bloomberg report.

Following the Trump administration’s plan to move the U.S. embassy of Israel to Jerusalem, there has been a growing number of online posts suggesting violence towards the state. In 2017, the Israeli government submitted 12,351 requests to take down posts, nearly six times more than the previous year.

The recent wave of negative publicity around social media companies following Facebook’s scandalous role in the 2016 general election, is also dragging down Twitter’s stock price.


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