Twitter Stock Dives After Israel Threatens Legal Action Over Pro-Terrorism Tweets

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Twitter stock has taken a bit of a nosedive in recent days after Israel threatened to sue the social media site for allowing pro-terrorism tweets to remain active and alive.

The Israeli government asked several times for the tweets to be removed. But to no avail.

So now, the justice minister warned a legal battle may be on the cusp.

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Israel’s justice minister, Ayelet Shaked, said the government submitted 12,351 requests to Twitter about offensive and pro-terrorist posts in 2017.

Investors have taken notice. Stock prices for the company have fallen.

The Los Angeles Times has more:

The Israeli government is considering taking legal action against Twitter Inc. for ignoring repeated requests to remove online content that was inciting or supportive of terrorism, Israel’s justice minister warned Tuesday. Twitter shares tumbled more than 10%, their biggest drop in eight months.

At a Jerusalem conference, Ayelet Shaked accused San Francisco-based Twitter of failing to contribute to Israel’s fight against online incitement, according to an emailed statement Tuesday from her office.

“Terrorist organizations such as Hamas and Hezbollah have moved to Twitter instead of Facebook,” Shaked said. “Through Twitter, the terrorist organizations promote terror and incite to violence, including public activity that they carry out without fear.”

The ministry didn’t have immediate comment when asked for more details about Shaked’s remarks.:

The Israeli government has ramped up efforts to mitigate the effect of new technologies on its longstanding conflict with the Palestinians. Social media was used to stoke a wave of stabbing attacks in Israel in late 2014, politicians said. Since then, the government has tried to pass a law that would give Israel the tools to have content “liable to lead to murder and terror” removed immediately, Public Security Minister Gilad Erdan said in December 2016.

The Israeli government submitted 12,351 requests to take down posts in 2017, nearly six times more than the previous year.

Although it wasn’t clear what steps Israel was contemplating against Twitter, “such action, if taken, would clearly be unusual,” said Eran Peleg, Clarity Capital KCPS Ltd.’s chief investment officer. The chances are low that Israel will follow through, he said, but added: “The current government is nationalistic and, perhaps similar to the Trump administration in the U.S., is increasingly taking actions that would be seen as unconventional or extreme by historic standards.”

Twitter shares fell 10.4% on Tuesday to close at $31.35.

At one point Tuesday, Twitter shares were were down more than 12%, part of a broad selloff of social media stocks. The U.S. Federal Trade Commission is probing whether Facebook Inc. violated terms of a 2011 consent decree over its handling of user data. That follows the revelation that a firm mined information on 50 million Facebook accounts to help Donald Trump’s campaign for president. Facebook shares fell 2.6% on Tuesday after dropping 6.8% on Monday.

“This would be an overreaction in a different time, but with the hypersensitivity in the market right now, any news is bad news,” said James Cakmak, analyst at Monness Crespi Hardt & Co. “It’s relevant in underscoring the risk that governments are willing to act.”

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Laurence Jarvik
Laurence Jarvik
6 years ago

Long overdue.

Kat Mandu
Kat Mandu
6 years ago

Ironic, since Israel is a terrorist state itself.

Rick Reynolds
Rick Reynolds
6 years ago
Reply to  Kat Mandu

then why are Arabs so desperate to live there? No doubt you’re one of those brainwashed inbred losers from the cult of the pedophile-warlord.

Mahou Shoujo
Mahou Shoujo
6 years ago
Reply to  Kat Mandu

Only when dealing with muslim terrorists.

Shuali
Shuali
6 years ago
Reply to  Kat Mandu

Mouth puke!

JGray1
JGray1
6 years ago
Reply to  Kat Mandu

lol. just terrifying to a cockroach like you. splat.

Dagonet
Dagonet
6 years ago
Reply to  Kat Mandu

Israel can to kill and terrorize pisslamists as much as they want to, ‘ don’t bother me none.

F- pisslam.

Suresh
Suresh
6 years ago

Long overdue.

Here’s some great news from fast turning Jihadi hellhole Australia . Judge bans Muslima from court for wearing the Burkha and Left/Liberal pro-jihadis howl in protest http://bit.ly/2nRdtgd

Fightback or you won’t have a country worth living in after sharia law is imposed like in UK/Europe today.

Millionmileman
Millionmileman
6 years ago

Twitter has taken a nose-dive because of the what has happed to Facebook and Cambridge Analytics. Not that they did anything wrong because Obama boasted what he had don’t with Facebook and the data-mining, in the 2012 election.

JGray1
JGray1
6 years ago
Reply to  Millionmileman

we’ve had it with facebook, with zuckerberg, with twitter and with their hired help. the moslem monitors who hover over our shoulder while we post, their bad breath stinking up the place with sharia censorship while enabling their mad rabid dog cult to projectile vomit all over the place. and when Americans tire of anything, it’s over. should I provide a list?

roccolore
roccolore
6 years ago

But Twitter will gladly ban critics of Hamas.

UnderzogD
Underzog
6 years ago

The only way to stop these pc commies is to hit them in their pockets.

caliroxanne
caliroxanne
6 years ago

Maybe I’m getting old, but I would be happy if Twitter and Facebook would go bankrupt and die and be gone for good. The pre-Facebook/Twitter world was a much better place, in my opinion, and would be a better place without them.

mezcukor
mezcukor
6 years ago
Reply to  caliroxanne

I totally agree with you

aemoreira1981
aemoreira1981
6 years ago

11th Amendment…unless Twitter has an office in Israel, Israel has no grounds to sue. The money Israel is wasting here could have been put toward developing an alternative to Twitter.

Achmed Mohammedan
Achmed Mohammedan
6 years ago
Reply to  aemoreira1981

Good girl, aermoreira1981. Back to playing make believe “pretend lawyer”. Your mommy must be so proud of her little girl.

Steve Edward
Steve Edward
6 years ago

Saudi Arabia is part owner of twitter. Look it up, people. These are the people President Trump is friends with.
Beware!! Be Warned!! ‘Stealth Islam’ has not ended, it has only morphed into a ‘friendlier snake,’ till the time is right to “…bring down the Western house from within.”

Midnattsol
Midnattsol
6 years ago

Dive! Dive! Dive!

Not just a submarine call.

Robin Rosenblatt
Robin Rosenblatt
6 years ago

It is about time

CHARLES S
CHARLES S
6 years ago

Bring them DOWN…….they deserve to be taken down—permanently. Twitter is useless and run by mental defects known as Libtards and left wing nuts—-(like Facebook).

Alleged-Comment
Alleged-Comment
6 years ago

Who the hell wants to be twitard? Bad enough being a Facetard, unless you are a Gootard, watching the world through Youtard.

JGray1
JGray1
6 years ago

the fascists, the tin pot dictators, the tyrants,the anti semites, could not have imagined this dream of theirs coming true. that every filthy scum would have a shot to build a worldwide following for their projectile vomiting. and hey, its FREE.

Dagonet
Dagonet
6 years ago

Wouldn’t it be up to the FCC or DOJ to move against Twitter? Let Israel light a fire under their @-es if need be. ‘ got to fight terrorism (conversion) on this front, too.

F- pisslam.

Drew the Infidel
Drew the Infidel
6 years ago

My, how the social media Giants have fallen. This and “Fakebook” stocks taking a nosedive over their data mining scandal. How are those leftist politics working out for you on the NYSE? You know, that dreaded symbol of capitalism?

It should be pointed out that when the Obhammud campaign used “Fakebook” customer demographics it was hailed as an innovative and creative technique. But now that Trump has done the same thing, as had Hillary, it is the crime of the century.

Dave Glynn
Dave Glynn
6 years ago

FK TWITTERBOOK!
They’re both toxic and Not to be trusted.

mezcukor
mezcukor
6 years ago

good for Israël, now do the same for facebook

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