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Screenshot: Axios

Twitter said Friday morning that a tweet from President Trump in which he threatened shooting in response to civil unrest in Minneapolis violated the company's rules. The company said it was leaving the tweet up in the public interest.

Why it matters: The move exacerbates tensions between Twitter and Trump over the company's authority to label or limit his speech and, conversely, the president's authority to dictate rules for a private company.

A tweet previously embedded here has been deleted or was tweeted from an account that has been suspended or deleted.
  • "This Tweet violated the Twitter Rules about glorifying violence," the company said in text that now accompanies the tweet. "However, Twitter has determined that it may be in the public’s interest for the Tweet to remain accessible."
  • The decision to label Trump's tweet was made by teams within Twitter and CEO Jack Dorsey was informed of the plan before the tweet was labeled, Twitter told Axios.
  • The official White House account later tweeted the same text from Trump's tweet, causing Twitter to place the same restrictions on that tweet.

The big picture: Earlier in the day, President Trump signed an executive order with an aim of trying to limit legal protections afforded to social media sites, including Twitter. A host of civil rights groups, business organizations, tech lobbies and politicians criticized the president's move, contending he shouldn't — and legally couldn't — regulate how Twitter handles speech issues.

  • Twitter announced a policy a year ago that, in most cases, said Twitter would label but not delete tweets from political leaders that violate its rules.
  • This week, the company labeled a Trump tweet for the first time, flagging two election-related tweets as potentially misleading and pointing readers to a Twitter moment discussing the realities of mail-in voting.
  • Friday's action was stronger, though. To see the Minnesota tweet now you have to click through a warning versus just a small note attached to the election-related tweet pointing to a fact check.

Go deeper

Sep 3, 2020 - Technology

Facebook will ban new political ads a week before Election Day

Photo: Chesnot/Getty Images

Facebook said Thursday that it will no longer accept new political ads for the week leading up to Election Day. It will also label posts from candidates who claim victory prematurely and will direct users to the official results.

Why it matters: It's the most aggressive effort Facebook has made to date to curb manipulation in the days leading up to the U.S. election.

Updated Sep 4, 2020 - Technology

Zuckerberg warns of post-election violence

Mark Zuckerberg tells "Axios on HBO" that Facebook is imposing new election rules to deter use of the platform to spread of misinformation and even violence, and to help voters see the results as "legitimate and fair."

Driving the news: The new measures, announced Thursday, include throwing a flag on posts by candidates who claim premature victory, and forbidding new ads within a week of Election Day.

Fed chair says low interest rates aren't driving stock market prices

Jerome Powell. Photo: ANDREW CABALLERO-REYNOLDS / Getty Images

Federal Reserve chairman Jerome Powell told reporters on Wednesday that rock-bottom interest rates aren't playing a role in driving stock prices higher, while noting that vulnerabilities to the financial system are "moderate."

Why it matters: The statement comes amid unshakeable stock prices and a Reddit-fueled market frenzy — prompting widespread fears of a bubble and the role monetary policy has played in that.

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