Trump vs. Twitter: Apple is happily out of it

“The Two Things To Understand About Trump’s Executive Order On Social Media: (1) It’s A Distraction (2) It’s Legally Meaningless” — Mike Masnick, techdirt

From “Trump Signs Executive Order Targeting Social Media” ($) posted Friday on WSJ.com:

President Trump signed an executive order on Thursday seeking to limit the broad legal protection that federal law currently provides to social-media and other online platforms, a move that is expected to draw immediate court challenges.

The order seeks to make it easier for federal regulators to hold companies such as Twitter Inc. and Facebook Inc. liable if they are deemed to be unfairly curbing users’ speech by, for example, suspending their accounts or deleting their posts.

Mr. Trump signed the order after Twitter on Tuesday moved for the first time to apply a fact-checking notice to tweets by the president on the subject of voter fraud.

Twitter early Friday attached a public-interest notice to a tweet from Mr. Trump about the violent protests in Minneapolis in response to the death of George Floyd while in police custody. The social-media company said the tweet violated its rules about glorifying violence but allowed users to access it via a link…

Shares of social-media companies fell on Mr. Trump’s comments. Twitter lost $1.47, or 4.5%, to $31.60. Facebook shares fell $3.68, or 1.6%, to $226.46.

My take: The president is having a bad week. The death toll passed 100,000, Minneapolis is burning and Elon Musk’s rocket didn’t take off.

25 Comments

  1. Frank Pedron said:
    Eagerly awaiting comments from the usual suspects! 🙂

    0
    May 29, 2020
  2. Gregg Thurman said:
    Options sentiment is unusually bearish today. With virtually no time premium left, this being the last day of trading for the May 29 contracts, my May 29 $315/$317.50 Call Spreads should be trading at $2.00 or higher. In actuality, they are trading at $1.81

    If AAPL Closes at $318.53 (current print) those contracts will be worth $2.50.

    1
    May 29, 2020
  3. Gregg Thurman said:
    My contracts are bouncing around like a drunk sailor. AAPL printing as before but contracts are printing $1.93. This kind of early session volatility is usually over after a half hour. It is now 10:38 EST.

    0
    May 29, 2020
  4. Jerry Doyle said:
    “…. Federal agencies don’t interpret or enforce Section 230.” (Mike Masnick)

    Wrong! Congress passes laws. Federal agencies ensure compliance through enforcement by federal agents.

    Al Pacino delivered an infamous line in one of his films appropriate for this blogged subject: “…. Don’t ever spit into the eyes of the most powerful people without expecting consequences.”

    A presidential Executive Order is a directive issued by the president that manages the operations of the federal government. EOs have legal & constitutional basis that give presidents broad executive & enforcement authority to use their discretion to determine how to enforce the laws or manage the federal resources and staffs in the Executive Branch.

    The president is the boss over federal staffs. As head of the FCC you have two choices to respond to the EO that you may question. Resign or carry out the Executive command of the president.

    Is the EO prudent? That’s for the courts to decide later after multiple appeals and tens of millions of dollars spent in legal fees fighting a bureaucracy with unlimited staff and monetary resources to grind an entity into the ground. Meanwhile, the federal agency using its full staffs and resources can pick away at a multiplicity of other areas within that monitored entity like green blow flies crawling over a freshly dropped cow paddy. The good news is an EO is good only until the next president comes along and signs the previous EO away.

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    May 29, 2020
    • Frank Pedron said:
      “…. Don’t ever spit into the eyes of the most powerful people without expecting consequences.”

      … and, in a democracy, the most powerful people in government are/is … the electorate.

      Just wondering, can you even spit in someone’s eyes if they’ve had the wool pulled over them?

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      May 29, 2020
  5. Steven Philips said:
    Joseph, the trumpy one and his entourage attended the launching party. (I think that’s what Philip was referring to.)

    1
    May 29, 2020
    • Jerry Doyle said:
      @Steven Philips: That’s my understanding too. Air Force One flew over the launch pad. The president showed for the launch with his entourage and a host of photographers for the HUGE, beautiful lift-off of the space rocket! Bad weather collapsed the launch.

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      May 29, 2020
  6. Peter Kropf said:
    “Admittedly, he’d LIKE to take credit for it, and surely will try, but the reality couldn’t be more different.”

    Reality: He WILL take credit for it.

    Just another fabrication.

    0
    May 29, 2020
  7. Joe Murphy said:
    David/Manfred,
    while Al Pacino is popularly credited with saying “Keep your friends close and your enemies closer.” it actually dates back to Sun Tzu, in The Art of War. Perhaps even earlier.

    2
    May 29, 2020
  8. Joe Murphy said:
    Thank you for your comment Joseph. I agree that without doubt you’re correct in saying those weren’t Sun Tzu’s specific words.

    The paraphrasings by talented script writers have long inspired us. For example, “Ask not what your country can do for you…” JFK’s inspiring call to action created aspirations for many of us. I think he or his writer were paraphrasing Viktor Frankl’s “The question isn’t what we expect from life but what life expects from us.” What do you think?

    1
    May 29, 2020

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