President Trump: "Today, I am signing an Executive Order to protect and uphold the free speech and rights of the American people."


The White House

@WhiteHouse

"Today, I am signing an Executive Order to protect and uphold the free speech and rights of the American people."

Video https://twitter.com/WhiteHouse/status/1266106020205662212

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Sara A. Carter
@SaraCarterDC

WOW! The #ExecutiveOrder calls for social media companies engaged in censoring can no longer keep their liability shield.
@Twitter and Facebook, how's that for an EO

Benny
@bennyjohnson

AG BARR: “These companies grew because they held themselves out as public forums... now that they’ve become these very powerful networks of eyeballs.. they’ve now switched and they are using that market power to force particular viewpoints.”

Video https://twitter.com/bennyjohnson/status/1266106776539336711

THREAD!

Greg Rubini
@GregRubini
1. Exec. Order on Twitter - consequences:
[THREAD]
Twitter Inc. will not have section 230 immunity, anymore.

Twitter Inc. will be submerged by tens of thousands of lawsuits, for Billions of dollars.
This would bring Twitter to bankruptcy, very quickly.

please RETWEET
12:22 PM · May 28, 2020·Twitter Web App
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Greg Rubini
@GregRubini
·
6h
Replying to
@GregRubini
2. how will that happen?

simple:

Congressman Devin Nunes has sued Twitter Inc. for $600 Million.
Think 22,000 lawsuits like that.
Greg Rubini
@GregRubini
·
6h
3. Now think 2,000 lawsuits for $100 Million each.
and 2,000 lawsuits for $10 Million each.
Greg Rubini
@GregRubini
·
6h
4. That makes a total of $400 Billion, that Twitter Inc. will have to pay.
Plus all the legal fees.

Twitter Inc. has a market cap of $26 Billion (as of May 2020)
and revenues of $3.5 Billion/year.
Greg Rubini
@GregRubini
·
6h
5. since Twitter Inc. has revenues of $3.5 Billion,

how are they going to pay $400 Billion?

They haven't that kind of money.
Thus, they will go bankrupt.
Greg Rubini
@GregRubini
·
6h
6. and TWTR stock value will drop like a rock to almost ZERO - way before those Lawsuits will even be filed.

Bye Bye, Twitter Inc!

you thought you were God.
soon you will all be homeless in San Francisco
https://twitter.com/GregRubini/status/1266042275479633921

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