Twitter, Others Slip on Removing Hate Speech, EU Review Says 

A view of Twitter headquarters in San Francisco, California, USA, 21 November 2022. (EPA)
A view of Twitter headquarters in San Francisco, California, USA, 21 November 2022. (EPA)
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Twitter, Others Slip on Removing Hate Speech, EU Review Says 

A view of Twitter headquarters in San Francisco, California, USA, 21 November 2022. (EPA)
A view of Twitter headquarters in San Francisco, California, USA, 21 November 2022. (EPA)

Twitter took longer to review hateful content and removed less of it in 2022 compared with the previous year, according to European Union data released Thursday. 

The EU figures were published as part of an annual evaluation of online platforms' compliance with the 27-nation bloc's code of conduct on disinformation. 

Twitter wasn't alone — most other tech companies signed up to the voluntary code also scored worse. But the figures could foreshadow trouble for Twitter in complying with the EU's tough new online rules after owner Elon Musk fired many of the platform's 7,500 full-time workers and an untold number of contractors responsible for content moderation and other crucial tasks. 

The EU report found Twitter assessed just over half of the notifications it received about illegal hate speech within 24 hours, down from 82% in 2021. Facebook, Instagram and YouTube also took longer, while TikTok was the only one to improve. 

The amount of hate speech Twitter removed after it was flagged up slipped to 45.4% from 49.8% the year before. The removal rate at other platforms also slipped, except at YouTube, which surged. 

Twitter didn't respond to a request for comment. Emails to several staff on the company's European communications team bounced back as undeliverable. 

Musk's $44 billion acquisition of Twitter last month fanned widespread concern that purveyors of lies and misinformation would be allowed to flourish on the site. The billionaire Tesla CEO, who has frequently expressed his belief that Twitter had become too restrictive, has been reinstating suspended accounts, including former President Donald Trump's. 

Twitter faces more scrutiny in Europe by the middle of next year, when new EU rules aimed at protecting internet users’ online safety will start applying to the biggest online platforms. Violations could result in huge fines of up to 6% of a company's annual global revenue. 

France's online regulator Arcom said it received a reply from Twitter after writing to the company earlier this week to say it was concerned about the effect that staff departures would have on Twitter's “ability maintain a safe environment for its users.” 

Arcom also asked the company to confirm it can meet its “legal obligations” in fighting online hate speech and that it is committed to implementing the new EU online rules. Arcom said it received a response from Twitter and that it will “study their response,” without giving more details. 

Tech companies that signed up to the EU's disinformation code agree to commit to measures aimed at reducing disinformation and file regular reports on whether they’re living up to their promises, though there’s little in the way of punishment. 



Salesforce Gains as Software Firm Bets on AI Tools to Power Growth

The Salesforce logo is pictured on a building in San Francisco, California, US October 12, 2016. REUTERS/Lily Jamali/File Photo Purchase Licensing Rights
The Salesforce logo is pictured on a building in San Francisco, California, US October 12, 2016. REUTERS/Lily Jamali/File Photo Purchase Licensing Rights
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Salesforce Gains as Software Firm Bets on AI Tools to Power Growth

The Salesforce logo is pictured on a building in San Francisco, California, US October 12, 2016. REUTERS/Lily Jamali/File Photo Purchase Licensing Rights
The Salesforce logo is pictured on a building in San Francisco, California, US October 12, 2016. REUTERS/Lily Jamali/File Photo Purchase Licensing Rights

Shares of Salesforce gained more than 5% on Thursday as investors cheered the customer relationship management software maker's upbeat quarterly results and its artificial intelligence push to drive growth.

The company has been heavily investing to integrate its AI technologies into existing products, such as its messaging platform Slack, to enhance their capabilities and attract more customers.

"We continue to see Salesforce as an under-appreciated AI winner as its differentiated data and early success in creating/deploying GenAI agents," Reuters quoted Goldman Sachs analyst Kash Rangan as saying.

Wall Street was concerned that tempered cloud spending would affect Salesforce in a tough economy, but the software-as-a-service (SaaS) firm reported better-than-expected revenue, profit and margins in the second quarter.

Salesforce also raised its profit forecast for the year ending January 2025, as margins continue to expand, thanks to its restructuring efforts last year.

The stock is trading at 24.49 times that of Wall Street's profit expectations, compared with 52.11 for SaaS peer ServiceNow and cloud contact center firm Five9's 13.30.

Salesforce is set to add $14 billion to its market capitalization if premarket gains hold. The company's valuation stood at $248 billion as of Wednesday's close.

"We think these results alone are not good enough to drive a sustainable rally from here. For that, we need more catalysts, which could come with the new AI solutions," which are set to be showcased at its event Dreamforce and launched in October, Barclays analyst Raimo Lenschow said.

Some analysts believe that sustained growth in the coming quarters can come through customer support platform Agentforce, which is not yet commercially available.