dorsey. there have been a lot of questions about that unequal treatment and i will start with the new york post article. a lot of people have seen this. this article was censored by twitter when it originally went out. this newspaper goes out to 1801 founded by alexander hamilton, and this incredibly sourced article about hunter biden was banned by twitter. you have this washington post article where parts of it have been debunked, and yet this article can still be tweeted out. i want to ask mr. dorsey, do you recognize there is a concern there is an anti-conservative bias on twitter's behalf and you recognize this has to stop? twitter is going to be viewed by both sides as a place will get good treatment? >> we made a mistake with the new york post. it does not do with content but the hacked materials policy. we do not write policy according to any particular political leaning. if we find any, we wrapped it out. -- rat it out. we make mistakes. our goal is to correct it as quickly as possibl

dorsey. >> yes, but you have to take into consideration a broader ecosystem. it is not the technology platforms only. >> thank you. i agree with that. host: rebecca kern on all three fronts, they wanted to go beyond the yes or no and all talking about bigger issues at play when it comes to -- elaborate from there. guest: there are a lot of issues at play here and what we did see was like i was mentioning, they are labeling these tweets going into the election as misinformation and providing links to elections -- election centers for accurate information and news websites to redirect, to correct factual information, but facebook and twitter actively did that. they are dealing with billions of posts a day on their platforms and that gets through and it gets viewed widely even before they even label it and then we had former president trump who was spreading the information from his account directly and they labeled it, but they did not remove a good deal of his tweets, they were still up there. his followers took that as truth and we really did not see the platf

dorsey blake. he has really shared with us, howard thurman, with a great deal even in these few minutes. i asked him about some of the books if you want to know more about thurman. tell us about the books. >> the most critical book to read is "jesus and the disinherited" and it was the first book among so many others. he has books about meditation and for those interested in racial issues in the racial divide, "luminous darkness" is a fabulous book and many don't know about it. dr. thurman's own choice was "the inward journey" and that was his favorite. to get a better understanding, i would read his autobiography. i love that one. >> for those who like centerin pr, "the centeringent" and there s he wrote that speaks out differently. the other is "the mood of christmas" with beautiful poetry. >> that's true. some great ones. one just came out, "the parables of jesus" and i just picked it out. i'm fascinated by that and after you told me, i went to order a copy. >> great. i think i got the last copy

dorsey? >> again, i also would need to review the legal precedent. but we would not allow that. >> okay. and mr. pichai? >> we are subject to fdc's policies. >> let me ask one more question. do you think that section 230 should be expanded to trade agreements that are being made as happened in the u.s. trade agreement with mexico and canada? yes or no? mr. zuckerberg. >> congresswoman, my primary goal would be to update section 230 to reflect the modern reality we've learned over the last few years. i do think -- >> i hear you, but i'm talking now about trade agreements. mr. pichai. >> congresswoman, i think there is value in it. if there is evolution of sections 230, that should apply, so in a flexible way, being able to do that would be good, i think. >> mr. dorsey. >> i don't fully understand the ramifications of what you're suggesting. so -- >> to have a liability shield that would be international and ratified in trade agreements. i think it's a bad idea. >> the gentlelady's time has exp

dorsey? >> again, i also would need to review the legal precedent. but we would not allow that. >> okay. and mr. pichai? >> we are subject to fdc's policies. >> let me ask one more question. do you think that section 230 should be expanded to trade agreements that are being made as happened in the u.s. trade agreement with mexico and canada? yes or no? mr. zuckerberg. >> congresswoman, my primary goal would be to update section 230 to reflect the modern reality we've learned over the last few years. i do think -- >> i hear you, but i'm talking now about trade agreements. mr. pichai. >> congresswoman, i think there is value in it. if there is evolution of sections 230, that should apply, so in a flexible way, being able to do that would be good, i think. >> mr. dorsey. >> i don't fully understand the ramifications of what you're suggesting. so -- >> to have a liability shield that would be international and ratified in trade agreements. i think it's a bad idea. >> the gentlelady's time has exp

dorsey. >> yes, but you have to take into consideration a broader ecosystem. it is not the technology platforms only. >> thank you. thank you. and i agree with that. host: rebecca kern on all three fronts, they wanted to go beyond the yes or no and all talking about bigger issues at play when it comes to -- elaborate from there. guest: there are a lot of issues at play here and what we did see is like i was mentioning, they were labeling these tweets going into the election as misinformation and providing links to election centers for accurate information and news websites to redirect, to correct factual information, but facebook and twitter actively did that. they are dealing with billions of posts a day on their platforms and that gets through and it gets viewed widely even before they even label it and then we had former president trump who was spreading the information from his account directly and they labeled it, but they did not remove a good deal of his tweets, they were still up there. and so his followers took that as truth and we really did not see

jack dorsey of twitter was criticized. under questioning, we saw the google ceo site he was open to mark zuckerberg's approach to increasing transparency by the company, you know, on the systems they have in place to fight illegal content. i should know those companies are largely following that standard anyways, so it would not be hard for them to comply, given the resources they have at their disposal, but still, it is a win for critics of the legal shield and critics of the company. emily: all right. naomi, we will continue to watch reporting and listen into those hearings, which are ongoing as we speak. we will be hearing exclusively from democratic, woman robin kelly on her back and forth with all three tech ceos today and whether she is satisfied with the responses. congresswoman kelly joins us next. this is bloomberg. ♪ >> do each of you acknowledge your companies have profited off harmful misinformation, conspiracy theories, and violent content on your platforms, just a yes or no? starting with mr. dorsey, yes or

dorsey? >> again i would need to review. >> and we are subjected to the practices there were bad actors last year alone. >> do you think section 230 should be expanded to trade agreements? and with the us trade agreements? yes or no. >> mr. zuckerberg? >> my primary goal would be to help update section 230 to reflect the modern reality over 25 years. i do think section 230 plays a foundational role in the internet. >> we know about trade agreements. mr. pichai? >> there is value inw it but that so flexible to be able to do that would be good. >> i don't fully understand the ramifications of what you are suggesting. >> for them to have a liability shield that would be international i think it's a bad idea. >> the gentle ladies time has expired. >> i yield back. >> in the subcommittee consumer protection on commerce. >> i appreciate it. mr. dorsey briefly from my district model are the stories that we're hearing to conduct a survey is how we empower law enforcement. when we receive testimony si

jack dorsey of twitter was criticized. under questioning, we saw the google ceo site he was open to mark zuckerberg's approach to increasing transparency by the company, you know, on the systems they have in place to fight illegal content. i should know those companies are largely following that standard anyways, so it would not be hard for them to comply, given the resources they have at their disposal, but still, it is a win for critics of the legal shield and critics of the company. emily: all right. naomi, we will continue to watch reporting and listen into those hearings, which are ongoing as we speak. we will be hearing exclusively from democratic, woman robin kelly on her back and forth with all three tech ceos today and whether she is satisfied with the responses. congresswoman kelly joins us next. this is bloomberg. ♪ emily: -- >> do each of you acknowledge your companies have profited off harmful misinformation, conspiracy theories, and violent content on your platforms, just a yes or no? starting with mr. dors

dorsey? >> i do not think we should be arbiters of truth and i do not think the government should be either. host: to that response? guest: libertarians have a new hero in jack dorsey for putting something specifically -- i do not think the history of free speech and free expression would bear out that we would want government deciding what we see in our newsfeeds. we probably do not want the platforms deciding what is true and what is not true. i think it is difficult to figure out what is appropriate in terms of optimizing content for users in terms of what they enjoy versus any harms we might be seeing if misinformation is being prioritized or if we feel like people are being radicalized. we need to separate questions -- is something good? if not, is the government the answer? rarely, when it comes to speech, is government the answer. if we are concerned about the content that people are seeing and the unhealthy diet of it, what are solutions we could do to make better consumers? how can w

jack dorsey has admitted nothing. what he has done instead cleverly, smarter than he looks, is created a justification for even more censorship on twitter. people who oppose the regime use my platform. that's what jack torresy is saying. it's to come shut them up. and he will shut them up. they all will. you can be certain of that one of the smartest people in that city joins us tonight with his reaction to this hearing. vince, thank you so much for joining us. what did you think of this. >> well, it's amazing to hear jack dorsey to say jack dorsey has culpability. i remember a scrappy media start up called parler accused of that very thing and banned by the internet, amazon taking off servers, a.m. and google both removing them from their app. stores. meanwhile twitter will face no consequence like this because they are powerful and well-connected. it's interesting watching these three guys show up yet again. feels like deja vu. they keep testifying before congress and nothing happens. almost like by design, maybe if

>> today's special guest is sherisse dorsey smith. she's the director of program grants for the department of children, youth, and families, and she's here to talk about the learning grants, and she's the project lead. miss dorsey smith, well come to the show. >> thank you, chris, for having me. >> can we talk about the learning hubs in general. what it is, who it's designed for, and why it's so important during this pandemic. >> yes, definitely. so the community hub initiative was created to offer support for distance learning. we wanted to ensure that young people, their basic nutrition needs were met, that they had access to wifi and digital devices, and they were able to engage with their peers in a safe environment. the community hub initiative or c.h.i., as we like to refer to it, supports our most vulnerable youth. our priority population was to focus on youth that lived in public housing, youth in s.r.o.s or in foster care or homeless, and maria su, our director, likes to say to give kids the golden key, but to focus on our af

dorsey? >> we have been thinking about a program for researchers to get access but all of this is subject to local laws. >> maybe that something we can help craft here consistently we have heard from researchers as well about having the data. i appreciate that do you also agree? >> we are working with law enforcement and we cooperate and balancing the privacy of the people involved. >> iyo appreciate your willingness to work with us. another idea i would like to touch base is the difference we see how you handle foreign content and by all accounts your platforms do a better job with terrorist organizations where that post is automatically removed with keywords or phrases. and those that are designated by the state department. currently there is no legal mechanism and with the terror and hate groups. so is this similar with your platform has better tracking mr. zuckerberg? >> congresswoman i'm notov sure. domestically we do classify a number of organizations and militia and networks like qanon

dorsey. had as her last post a scripture verse you took down. seek peace and pursue it, rather than silence that wise advice, i strongly suggest you follow it. i've heard a lot of stuff on this hearing today about 230 protections. i challenge my colleagues to really get serious about doing something about this liability shield so we have a fair and free internet and people aren't censured. with that, i yield back. >> the chair recognizes miss kelly for five minutes. >> thank you, mr. chair, thank you to the witnesses for testifying today. the business model for your platforms is quite simple. keep users engage. the more time they spend on social media, the more data harvests and targeted, ads sold. social media platforms amplify contend that gets attention. cat videos or vacation pictures but too often it means content that's incendiary, contains conspiracy theories or violence. algorithms can actively funnel users from the mainstream to the fringe, subjecting users to more extreme content, a

dorsey and mr. pichai. >> very quickly because your time is expired. >> we need to evaluate it. >> focus on it, i think we're happy to work and cooperate. >> thank you. i yield back. >> it's my understanding we have -- let's see. eight members who are requesting the wave on for the hearing. i believe we have given all members of the subcommittees their opportunity to speak. so, we'll now start to recognize the members waving on and first on the list, i see mr. burjs. are you with us? >> yeah, i am. thank you, mr. chairman and thanks to our witnesses for spending so much time with us. and this is clearly a very important issue to every member of this committee, regardless which political party they identify with. let me ask you a question because it strikes me, listening to your answers to both the colleague, jeff duncan and angie craig, both coming at the issue from different directions. but the concern is that there was a -- there was the exercise of editorial authority over the postings that were

jack dorsey has admitted nothing. what he has done instead cleverly, smarter than he looks, is created a justification for even more censorship on twitter. people who oppose the regime use my platform.m. that's what jack torresy is saying. it's okay to shut themhe up. and he will shut them up. they all will. you can be certain of that one of the smartest people in that city joins us tonight with his reaction to this hearing. vince, thank you so much for t joining us. what did you think of this. >> well, it's amazing to hear jack dorsey to say jack dorseyey has culpability. i remember a scrappy media start up called parler accused of that very thing and banned by the internet, amazon taking off servers, a.m. and google both removing them from their app. stores. meanwhile twitter will face no consequence like this because they are powerful and well-connected. it's interesting watching theseu it's interesting watching these three guys show up yet again. feels like deja vu. they keep testifying before congress and nothing

and jack dorsey's first tweet fetches millions. diane king hall is in new york with those stories and morning, good morning, diane. >> good morning, anne-marie. we'll start with this. two of the nation's top fiscal leaders will face off with congress today. fed chair jay powell and janet yellen. set to meet over the covid-19. the stocks ended with gained today. the dow jumped 103 points, nasdaq rallies 162, the s&p gained 27. >>> the irs says more americans will get their stimulus check by tomorrow. the agency did not say how many payments it plans to issue. last week, the irs issued about 90 million checks by direct ghosts and mailed another 160,000 payments. most americans can expect $1400 under the latest package. >>> ford motor company is allowing 30,000 of its employees to continue from working from home indefinitely. the remote option applied to salaried office workers including staff and human resources, information technology and accounting roles. those in manufacturing jobs will continue to work onsite like they've been do

dorsey mr. zuckerberg, political misinformation spread rampantly, unfortunately, in spanish in florida's hispanic community on facebook in the 2020 presidential election. how do you think this happened, mr. zuckerberg >> congressman, it's -- i do still think that there's too much misinformation across all of these media that we've talked about today. how did it happen? i think we've talked a lot today about algorithms i actually think a lot of this happens in what we refer to as deterministic products like messaging. someone sends a text message to someone else there's no algorithm determining if that gets delivered, people can just sending it to someone else a lot of this stuff was amplified on tv and in tra traditional news as well there was certainly some of this content on facebook and it's our responsibility to build effective systems that can reduce the spread of that. i think a lot of those systems performed well during this election cycle but it's an i iterative process. >> mr. zuckerber

dorsey and mr. pichai. >> very quickly because your time is expired. >> we need to evaluate it. >> focus on it, i think we're happy to work and cooperate. >> thank you. i yield back. >> it's my understanding we have -- let's see. eight members who are requesting the wave on for the hearing. i believe we have given all members of the subcommittees their opportunity to speak. so, we'll now start to recognize the members waving on and first on the list, i see mr. burjs. are you with us? >> yeah, i am. thank you, mr. chairman and thanks to our witnesses for spending so much time with us. and this is clearly a very important issue to every member of this committee, regardless which political party they identify with. let me ask you a question because it strikes me, listening to your answers to both the colleague, jeff duncan and angie craig, both coming at the issue from different directions. but the concern is that there was a -- there was the exercise of editorial authority over the postings that were

stu dorsey. -- mr. dorsey. >> yes but you also have to take into consideration a broader ecosystem. shery: ed ludlow has more on this. it was a contentious hearing today. what did we learn in terms of reforming section 230 and content moderation? ed: not an awful lot. this question of how should you moderate content on social media platforms and who should be responsible is not new. this is not the first hearing we have had. the difference is there was more impetus tied to the violence we saw in the u.s. capitol on january 6. a lot of questions were directed toward mark zuckerberg and jack dorsey because their platforms, facebook and twitter, reused to facilitate some of that information and some of the sharing of the content that led to some of the scenes we saw. mark zuckerberg pushed back and said the responsibility lies with donald trump and that -- and jack dorsey took a measured tone accepting some responsibility that content on their platform did contribute to that. there was no substantive take. we got an opinion on what the best way forward is, particularly for section 230.

dorsey. >> yes, but you also have to take into consideration a broader ecosystem, it is not just about the technology platforms we use. >> thank you i agree with that. mr. zuckerberg, independent analysis has shown that despite all the things that facebook did during the election, users still interacted with election misinformation roughly 1.1 billion times over the lastier the initial stop the steal group started on facebook. and gained over 350,000 followers in less than a day faster than almost any other in your platform's history. and they were immediately calling for violenolviolence in mid december you stopped promoting news outlets for misinformation content at a time when the election was height and finally, many of the insurrectionists used facebook to plot and coordinate the attack on january 6th. my question is, how is it possible for you not to admit that facebook played a central role or a leading role in facilitating the recruitment, planning and execution of the attack on the c

well jack dorsey was in the news the past week because last week he was giving congressional testimony from some sort of kitchen it looks like behind him you see a block cluck just like of course kaiser report is always ahead of everything we have our own block but as it's not plugged in it doesn't have anything but hello on it his head 1952 so i think this is a good way to look at the problem with this drive in america to shut down alternative media are turning to voice is of course jack was testifying before congress and they were vadra in him most of the democrats to basically the platform more people into silence more people because the response from blue checked twitter about this was became its own mean and a fun story in the big quaint community what time zone is jack in right now that clock says 19 $52.00 right here in california it's 9 52 am currently but definitely not 1952 which would be $752.00 and military time format so again this is a bluff measuring a few different things from the chain including what he had 1952 was the amount of sats what one gets for one u.s. dollar

hi there max keiser this is the kaiser report lots to get to say well jack dorsey was in the news the past week because last week he was giving congressional testimony from some sort of kitchen it looks like behind him you see a block cluck just like of course kaiser report is always ahead of everything we have our own block but as it's not plugged in it doesn't have anything but hello on it his head 1952 so i think this is a good way to look at the problem with this drive in america to shut down alternative media are turning to voices of course jack was testifying before congress and they were vadra in him most of the democrats to basically de platform more people into silence more people because the response from blue check twitter about this was became its own mean and a fun story in the big quaint community what time zone is jack in right now that clock says 1952 right here in california it's 9 52 am currently but definitely not 1952 which would be 752 and military time format so again this is a bluff measuring a few different things from the block chain including what he had 1952

well jack dorsey was in the news the past week because last week he was given congressional testimony from some sort of kitchen it looks like behind him you see a block clock just like of course kaiser report is always ahead of everything we have our own block but as it's not plugged in it doesn't have anything but hello on it his head 1952 so i think this is a good way to look at the problem with this drive in america to shut down alternative media or turn it to voice is of course jack was testifying before congress and they were badgering him most of the democrats to basically the platform more people into silence more people because the response from blue check twitter about this was became its own mean and a fun story in the big quaint community what time zone is jack in right now that clock says 1952 right here in california it's 9 52 am currently but definitely not 952 which will be 752 and military time format so again this is a block measuring a few different things from. including what he had 1952 was the amount of sats what one gets for one u.s. dollar right rather than a co

hi there max keiser this is the kaiser report lots to get to say well jack dorsey was in the news the past week because last week he was giving congressional testimony from some sort of kitchen it looks like behind him you see a block cluck just like of course kaiser report is always ahead of everything we have our own block but as it's not plugged in it doesn't have anything but hello on it his head 1952 so i think this is a good way to look at the problem with this drive in america to shut down alternative media are turning to voices of course jack was testifying before congress and they were vadra in him most of the democrats to basically the platform more people into silence more people because the response from blue check twitter about this was became its own mean and a fun story in the big quaint community what time zone is jack in right now that clock says 1952 right here in california it's 9 52 am currently but definitely not 1952 which would be 752 and military time format so again this is a bluff measuring a few different things from big chain including what he had 1952 was

well jack dorsey was in the news the past week because last week he was giving congressional testimony from some sort of kitchen it looks like behind him you see a block cluck just like of course kaiser report is always ahead of everything we have our own but as it's not plugged in it doesn't have anything but hello on it his head 1952 so i think this is a good way to look at the problem with this drive in america to shut down alternative media are turning to voices of course jack was testifying before congress and they were vadra in him most of the democrats to basically the platform more people into silence more people because the response from blue checked twitter about this was became its own mean and a fun story in the big quaint community what time zone is jack in right now that clock says 1952 right here in california it's 952 a arrey time format so again this is a block measuring a few different things from a big block chain including what he had 1952 was the amount of sats what one gets for one u.s. dollar right there's a couple of things going on here so 1st these politicians

there max keiser this is the kaiser report lots to get to say well jack dorsey was in the news the past week because last week he was giving congressional testimony from some sort of kitchen it looks like behind him you see a block clock just like of course kaiser report is always ahead of everything we have our own block but as it's not plugged in it doesn't have anything but hello on it his head 1952 so i think this is a good way to look at the problem with this drive in america to shut down alternative media or turn it to voice is of course jack was testifying before congress and they were badgering him most of the democrats to basically the platform more people into silence more people because the response from blue check twitter about this was became its own mean and a fun story in the big quaint community what time zone is jack in right now that clock says 1952 right here in california it's 9 52 am currently but definitely not $952.00 which would be $752.00 and military time format so again this is a bluff measuring a few different things from the scene including what he had 1952

well jack dorsey was in the news the past week because last week he was giving congressional testimony from some sort of kitchen it looks like behind him you see a block cluck just like of course kaiser report is always ahead of everything we have our own block but as it's not plugged in it doesn't have anything but hello on it his head 1952 so i think this is a good way to look at the problem with this drive in america to shut down alternative media are turning to voices of course jack was testifying before congress and they were vadra in him most of the democrats to basically the platform more people into silence more people because the response from blue check twitter about this was became its own mean and a fun story in the big quaint community what time zone is jack in right now that clock says 1952 right here in california it's 9 52 am currently but definitely not 1952 which would be 752 and military time format so again this is a block measuring a few different things from chain including what he had 1952 was the amount of sats what one gets for one u.s. dollar right there's a c

zuckerberg and dorsey said no. back over to you. >> that hearing is still going on and we are going to rejoin it now and take a look and dip in and watch what's happening. >> respect that. i understand that. i'm a capitalist that said these are -- these situations are different i think with social responsibility and i appreciate your answers that your companies are doing what you believe are necessary. but so i want to -- i'm going to take the anti-trust angle here what do you think -- what's the situation when you have google 92% of the searches are google you basically can't get on the internet without some sort of google service what do you think is going to happen you know what do you think we should do about that >> congressman, definitely are engaged with conversations as well as lawsuits in certain cases. we understand that there's scrutiny here. we are popular a search engine but vigorously many of the markets we operate in, for example, majority of the revenue from product searches and 1 in 2 products orig

dorsey? >> yes, but you also have to take into consideration a broader ecosystem. >> let's discuss it with molly wood, the host and senior editor of marketplace tech from american public media. molly, good to see you. welcome. >> thanks for having me, joshua. >> so what does that answer tell us from mr. zuckerberg, pichai, and dorsey? the kind of similarly broad answer, but only jack dorsey being willing to say yes. >> yeah. i mean, you can imagine why the ceo of a major-tech company would not want to say yes to that question. and so i think that they are rightfully, pointing out that it's a complicated ecosystem, that includes human behavior and politics and political rhetoric. but the simple fact is that jack dorsey and probably the other two know, very well, that their platforms do play a role. that the algorithms that amplify that content and make it more powerful are, absolutely, part of that complicated ecosystem. >> one of the things that's in the backdrop of this is this push to regul

dorsey? >> yes, but you also have to take into consideration a broader ecosystem. >> let's discuss it with molly wood. the host and senior editor of marketplace tech from american-public media. molly, good to see you. welcome. >> thanks for having me, joshua. >> so what does that answer tell us from mr. zuckerberg, pachai, and dorsey? the kind of similarly broad answer, but only jack dorsey being willing to say yes? >> yeah. i mean, you can imagine why the ceo of a major-tech company would not want to say yes to that question. and so, i think that they are, rightfully, pointing out that it's a complicated ecosystem, that includes human behavior. and politics and political rhetoric. but the simple fact is that jack dorsey and probably the other two know, very well, that their platforms do play a role. that the algorithms that amplify that content and make it more powerful are, absolutely, part of that complicated ecosystem. >> one of the things that's in the backdrop of this is this push to re

we have mark zuckerberg, chief executive officer of facebook, and sundar pichai of google, and jack dorsey of twitter. mr. zuckerberg, we will start with you. you are recognized for five minutes. >> ranking members and members of the committee, i am glad this committee is looking at all the ways that misinformation and disinformation show up in our country's discharge. there are important challenges for society and we need to decide how to handle speech that is legal but harmful and who should be responsible for what people say. misinformation was not a new problem. it was 200 years ago that a congressman said a lie would travel from maine to georgia, and truth was still getting on its boots. the internet gives everybody the power to communicate and that certainly presents unique challenges. people often say things that aren't verifiably true but speak to their lived experiences. i think we have to be careful restricting that. if somebody feels intimidated while voting, i believe they should be able to share their experience even if the election overall was fair. every text message, e-mail

zuckerberg and dorsey in the hot seat. will it do any good, or is it a colossal waste of congress' time? we will discuss. and by a tesla with bitcoin? elon musk tweets that you can now. a seminal moment for the company and the currency. u.s. stocks slumping, with tech leading the declines as investors rotated out of stocks. >> let's talk about the tech underperformance. a stark contrast to yesterday. take a look at the chart behind me. we should mention this is guiding ahead of the big tech hearings tomorrow. a lot of that tech underperforming, in tandem with yields coming down. you know that tech and yields have been moving in opposite directions. when you have surge in yields, use into sit -- tend to see tech underperform. let me show you that correlation where you can see that relationship, the idea that when you have the nasdaq 100 selloff, this is an interesting chart to look at. the idea that the dollar has actually underperformed. when you start to see a move like that, it does trade into the commodity space. want t

on this day 15 years ago twitter co-founder jack dorsey it sent the 1st ever tweet on the social media platform since then it's grown to become a place for breaking news mobilizing revolutions but also spreading misinformation reporter melanie hall is here to tell us more about 15 years of twitter melanie good to see you so why don't you just take us back firm moment to maybe remind us of twitter's beginnings what was the original concept behind twitter so their original idea behind twitter was that it was going to be a place for people to share short status updates to groups of friends they do this by sending this message to a single number using text and the reason the cut to them it was 140 characters was because back then that was the limit of a text message that has since grown to 280 character maximum image on twitter now in 2007 recently saw the growth of twitter to see how it became a source of breaking news placing at the heart of major world events now nowadays twitter now has 350000000 uses that's very much to wolf by its major competitor facebook which has 2000000000. but t

dorsey? >> i don't fully understand the ramifications of what you are suggesting so i would have to review that. >> to have a liable shield that would be international and ratified in trade agreements i think it is a bad idea. >> the gentle lady's time has expired. >> thank you i yield back. >> the chair recognizes mr. bill aracas subcommittee, ranking member of the subcommittee on consumer production and commerce for five minutes. >> thank you, mr. chair. i appreciate it. doctor -- mr. dorsey, you have heard briefly about what i am hearing from again in my district -- my opening remarks you have heard them. the other key part with these stories that we are hearing when we conduct these survey is how we empower law enforcement in a hearing last year, we received testimony that since 2016, twitter has intentionally curtailed sharing thread data with law enforcement fusion centers. here's the question. you are well aware that on twitter and pair scope that traffic has increased from bad actors

jack dorsey's first-ever tweet was sold just after noon today for over, get this, $2.9 million. to the user sinai sagi. that is now the proud owner of the nonfungible token. dorsey says he's going to take the proceeds, convert them into bitcoin, then it's going to donate the crypto to a charity in africa. it was hosted on the platform valuables by cent which allows anyone to put up their own tweets for sale. and we welcome one of the cofounders of cent. it's great to have you here, sir. >> yeah. really excited to be here, thank you. cheryl: were you just shocked by the momentum that this whole auction took on? because, to be frank, i mean, the tweet's been out there, you know, since the beginning of twitter, and it's been online. what makes it so special and valuable? i think a lot of people watching don't quite get the attraction of owning a tweet for $2.9 million. >> absolutely. i mean, every day moments are created on twitter that are talked about throughout the world, and i think that there's just incredible inherent value there. and so for the first tweet, the tweet that re

square, jay-z, jack dorsey is very interested in crypto. could we see more nfts from a square title deal? on the other hand this could all be about cash and getting that demographic on to what has been a very big push from square. i see a lot of synergies here. we just don't know exactly what they are yet, carl >> yeah, i mean, i would add jack has always considered himself a bit of a media player, jon. he said in his thread today a compelling tie-up between the music industry and the economy i also think it's interesting some have pointed out jay-z has been a holder of shares. what does it say that jay-z sees as a decent time to be selling in this environment? >> he got jack dorsey to trim his beard very nicely, too, for the photo. people should check that out on twitter. but let's move on. >>> snowflake shares rising this morning after reporting fourth quarter results that saw expanding revenues and losses. joining us now in a cnbc exclusive snowflake ceo frank slootman frank, welcome what i am most curious about, having looked at these e

jack dorsey seems to think so, — they? jack dorsey seems to think so, the _ they? jack dorsey seems to think so, the founder - they? jack dorsey seems to think so, the founder of - think so, the founder of twitter putting his first ever tweet up for auction which may now sell for over $2.5 million. even though we can all access it whenever we want. the secret is that proof of ownership is stored elsewhere online, as something called an nft or non—fungible token. a unique marker that cannot be copied, changed or disputed.- marker that cannot be copied, changed or disputed. synth pop artist grimes _ changed or disputed. synth pop artist grimes has _ changed or disputed. synth pop artist grimes has sold - changed or disputed. synth pop artist grimes has sold limited i artist grimes has sold limited edition copies of her digital art for almost $6 million, and musician blau sold copies of his ultraviolet album for a whopping $ii his ultraviolet album for a whopping $11 million does make again, even though anyone can access them online. i don't know about you but this

dorsey. >> yes, but you have to take into consideration a broader ecosystem. it is not the technology platforms only. >> thank you. i agree with that. host: rebecca kern on all three fronts, they wanted to go beyond the yes or no and all talking about bigger issues at play when it comes to -- elaborate from there. guest: there are a lot of issues at play here and what we did see was like i was mentioning, they are labeling these tweets going into the election as misinformation and providing links to elections -- election centers for accurate information and news websites to redirect, to correct factual information, but facebook and twitter actively did that. they are dealing with billions of posts a day on their platforms and that gets through and it gets viewed widely even before they even label it and then we had former president trump who was spreading the information from his account directly and they labeled it, but they did not remove a good deal of his tweets, they were still up there. his followers took that as truth and we really did not see the platf

>> well, on that point it may be jack dorsey. i found his prepared testimony to be somewhat muddled and largely avoiding some of the hardest questions here they talks about decentralizing twitter. maybe putting it on the block chain. nothing congress really wants to hear i differ slightly from roger on the core issue i think misinformation is a problem, let's talk who's spreading it seven republican congress members quizzing the ceos today tweeted the "stop the steal" hashtag promoting the lie the election was stolen. very difficult for any tech platform to get misinformation under control when the misinformation is literally coming from inside the house. >> well said >> that's a good point, casey. and there's probably still more questions than answers we'll have at least, if i could predict, after this hearing, but we will, of course, watch closely. i want to pivot to the other big tech battle playing out today. that's around the drive-by workers at an alabama warehouse to unionize. take you through this twitter battle a top ama

jack dorsey has sold his 1st tweet for nearly $3000000.00 the 15 year old post from when he was just setting up his twitter was put up for digital auction dorsey says the proceeds will be used to support families in africa who've been financially impacted by covert 19. time for a quick check of the headlines here this hour the u.s. e.u. and several other countries have imposed coordinated sanctions on chinese officials for human rights abuses against the we go minority group china immediately hit back with its own sanctions on e.u. individuals and entities rather than changes policies and address our legitimate concern and china is against a blind eye and these measures are there to will and next unacceptable there will be no change in due to being union did to me nation to defend human rights and to respond to city years for your relations and abuses as they said your respective where they are going it the european union has also announced sanctions on 11 officials in may in ma including the leader of the military giunta it's in response to last month's coup in the violent crackdown

dorsey? >> yes, but you also have to take into accounting a broader ecosystem. fox think you >> -- >> thank you. >> yes or no. a heated exchange over the right and capitol hill in january. focusing on social media disinformation. eu leaders have given their cautious support to a plan to restrict vaccine exports. after it emerged the bloc -- angela merkel says germany will declare france a high incidence area. we spoke about the curve. we did not get to what is going on in terms of the virus increases across the european union. germany is going to get tougher on their border when it comes to france. >> that decision could come today. it is reflecting the numbers we are seeing coming out of france. hospital admissions have gone up. it goes in line with estimates from the french government. emmanuel macron had said coronavirus was going to hit and will hit hard until mid april. we have potentially 2-3 weeks of high infections. yesterday, emmanuel macron in a press conference said more measures could be taken. he did not go into specifics. made a promise vaccination

putting the growth supply chain at risk. >>> tech under fire as zuckerberg and dorsey and others head back to the hill. talking about disinformation and lies on social

the incumbent sheriff who lost that election, his name is sydney dorsey. i say it was a relief when he got voted out. he was widely perceived to be very corrupt. he was under investigation for a bunch of corruption allegations at the time. having his sheriff's deputies do not only personal work for him and his family but making his deputies moonlight for his personal security business on the side. there were investigations into the contracts that he had doled out for the gigantic dekalb county jail. and whether he had corrupted those contracts, too. so he was a sheriff with a terrible reputation under investigation for a lot of things. he was up for re-election in 2000 and he lost. he lost to a guy who specifically ran against him on anti-corruption platform. his opponent saying he would clean it up, fire deputies involved in these alleged schemes with the existing sheriff. it was a close race in dekalb county but the incumbent guy lost. then after the election. before the new sheriff was sworn in. actually three days before the new sheriff was due to be s

jack dorsey is about to find out, putting up the original tweet for auction. and why digital assets are being valued lie art more "power lunch" after this. ♪♪ for skin as alive as you are... don't settle for silver 7 moisturizers 3 vitamins 24 hours hydration gold bond champion your skin >>> check out this rally the nasdaq, though, falling more than 1%. time now for power movers for a chilly monday here in the northeast. we start with a check on bitcoin. it is once again above 50,000, and paypal is continuing its push into crypto, today confirming a deal we discussed last week. it's buying curve, sources saying the price tag is less than $2 million. >>> trade desk is one of advertising technology companies that got crawford last week when google said it would stop tracking users around the internet now it is at 684 that vogue tilt is nothing compared to what we have seen from gamestop, of course, the to be is higher today as board member and chewy cofounder is have a committee wanting to transform the retailer into a technology company >>> all right. this

i think the thing is you get that autograph from jack dorsey. right? that's really what you're paying for. >> yeah, it's kind of like a sign of the times i guess where instead of like an autographed baseball from your favorite baseball player you're getting you know, jack dorsey's first tweet. i don't think that the normal human is going to want to pay millions of dollars for a tweet and i don't know what you do once you have the tweet. do you print it out and hang it on your wall like a piece of art? i think this is for like a niche collector that would really want a piece of history. other than that i really don't see the purpose of buying it. >> so this is the next big wave of items coming up. they're called nfts, non-fungible tokens. it's your ability to purchase digital items. nba top shot is a big deal right now. you can buy a highlight that i will show you for free and then -- it's a really speculative market for people that want to buy and sell and flip. it's complicated. but you're going to hear a lot more about it in the years to come for sur

. >>> tech under fire as zuckerberg and dorsey and others head back to the hill. talking about disinformation and lies on social media >>> singling out spacs regulators are honing in on the rising risks to you. >>> could this be peak itcoin? looking to start its over cryptocurrency etf >>> it is thursday, march 25th this is "worldwide exchange. ♪ ♪ >>> good morning good afternoon good evening welcome wherever in the world you are watching i'm brian sullivan here is how your money and global markets are setting up for thursday it is early. futures could turn around. we say that all the time light volume et cetera, et cetera dow futures upt81 the major averages coming off lower sessions nasdaq hit in late-day trading following another 2% that is two down days in a row something to watch apple, amazon, tesla the names you know well up over a year. watch the recent move and see if the rotation from tech or growth to value rolls on. there is no big move in yields which had been a mover ten-year yield at 1.62%. oil is down from the overnight high still above $60 a b

the incumbent sheriff who lost that election, his name was sydney dorsey. i say it was a relief when he got voted out because he was widely perceived to be very corrupt. he was under investigation for a whole bunch of corruption allegations at the time. having his sheriff's deputies do not only personal work for him and his family but making his deputies moonlight for his personal security business on the side. there were investigations into the contracts that he had doled out for the gigantic dekalb county jail. and whether he had corrupted those contracts, too. so he was a sheriff with a terrible reputation under investigation for a lot of things. and he was up for re-election in 2000 and he lost. he lost to a guy who specifically ran against him on anti-corruption platform. his opponent saying he would come in, clean it up, fire deputies involved in these alleged schemes with the existing sheriff. it was a close race in dekalb county but the incumbent guy lost. then after the election, before the new sheriff was sworn in. actually three days before the n

sergeant dorsey, you served for many years as a police officer. the state, the prosecutors will have to prove that the force chauvin used was unreasonable under the circumstances. officers allowed to use force to protect the officer, for instance, from what her is seefz to perceives to be great bodily harm. i know you're not a defense attorney. is that standard? >> listen, here's the deal. officers are allowed to use only that force necessary to overcome resistance. right? and what everyone needs to understand and remember, george floyd was in handcuffs. and we're taught and trained that once the handcuffs go on, any force that is being exerted by the officers stops. it's over. and so there's no real reason to sit on his neck for eight minutes and 46 seconds but for to punish him for whatever crime chauvin had decided george was guilty of on that day. >> sergeant cheryl dorsey. stand by. many more questions for you. i'm sure the viewers share the questions. we're witnessing a moment in this country's history, the start of a trial, trial of a man a