Twitter (NYSE:TWTR) is trading down 5.56% at 34.48
European justice ministers will on Friday discuss online hate crime with representatives from Meta and Google (NASDAQ:GOOGL) – and an empty chair with a Twitter (NYSE:TWTR) tag because the company stayed away citing its COVID rules, France said.
Social media and online platforms face a raft of legislative proposals on both sides of the Atlantic that will require them to do more to counter online hate speech and disinformation.
In the EU, the Digital Services Act would force tech giants to do more to tackle illegal content on their platforms, with fines of up to 6% of global turnover for non-compliance. Another planned law, the Digital Markets Act, would set out other rules for companies.
“It is high time that we adopt an EU legislation so that platforms don’t have the last word. That’s why this morning we have invited the platforms,” said French Justice Minister Eric Dupond-Moretti, who hosts a meeting of the bloc’s ministers.
Dupond-Moretti said he regretted Twitter’s absence.
“We were told that because of that company’s own health rules they could not come. But I can only note that my European counterparts will be here,” he said.
On technical fronts Twitter (NYSE:TWTR) RSI stood at 35.23 and currently stock is trading below all MA. So, SELL position can be taken with following target and stoploss:
TRADE SIGNAL – : Twitter (NYSE:TWTR) – SELL: 34.44, TARGET: 33.60, STOP LOSS : 35.11