Actually, Twitter has one massive thing to lose: Section 230. Already, senators are taking this as the perfect reason to repeal or reform 230, and that would directly impact twitter.
Remember how there were hearings about 230 just two weeks ago? Twitter just shot themselves and their arguments for 230 in the foot with this. Which again begs the question from an investor's point of view: What did you expect was going to happen? Did you seriously not think this would affect the 230 debate?
Which is why we need reform: 230 liability protection needs to be extended only to those entities that only remove illegal content and nothing else, period.
So if I ran a chess forum, I could not remove posts about horse racing without losing my section 230 protection? Or posts advertising boner pills? Once I decide to allow people to post on my forum, for any reason, I have to allow every single post that does not violate the law, or I lose 230 protection?
Perhaps Twitter is being set up as a sacrificial lamb to quell the Techlash. In that case, I'm wrong.
But I don't think Section 230 will be repealed. The US government doesn't want to destroy the tech giants. It wants to use them to expand its global influence.
Remember how there were hearings about 230 just two weeks ago? Twitter just shot themselves and their arguments for 230 in the foot with this. Which again begs the question from an investor's point of view: What did you expect was going to happen? Did you seriously not think this would affect the 230 debate?