Twitter CFO: No changes to our thinking on Trump's account
Don't expect the @realDonaldTrump account on Twitter to be back in action anytime soon.
"There has been no changes to anything we have shared in the past around the former president's account," Twitter CFO Ned Segal said on Yahoo Finance Live.
On Jan. 8 of this year, Twitter famously handed out a permanent suspension of then President Donald Trump's widely followed account. The decision came in the wake of the uprising on Capitol Hill, which many believe was fueled by Trump's comments on Twitter.
Segal says it's important Twitter stays consistent with its policies.
"When you step back and think about our policies, we want to work hard to be consistent, to be transparent so people know exactly what to expect from us. We don't have an oversight board like that [like Facebook]. Our team is accountable for the decisions that we make. There is no changes to anything we have talked about in the past," Segal added.
Twitter rival Facebook is on the cusp of deciding what to do with a Trump suspension of its own that was enacted on Jan. 6.
On Wednesday, an independent oversight board at Facebook is expected to announce whether it will uphold the indefinite ban on the former president or reverse it.
Even with the Trump bans, both social media giants notched very strong growth in the first quarter.
Facebook's first-quarter sales and profits rose 48% and 93%, respectively year-over-year as ad spending recovered from the worst of the COVID-19 pandemic. The theme was similar at Twitter — first quarter sales gained 28% from a year ago. Twitter posted net earnings of 8 cents a share compared to a year ago loss of 1 cent a share.
Brian Sozzi is an editor-at-large and anchor at Yahoo Finance. Follow Sozzi on Twitter @BrianSozzi and on LinkedIn.
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