Twriter (NYSE:TWTR) is testing a new reporting system to make it easier for users to raise concerns about harmful behavior on the networking app. The newly revised reporting process is currently being tested with a small group in the United States. TWTR shares fell 0.02% to close at $ 44.46 on December 7.
Twitter is a social networking company that connects people to a network of other people, ideas, opinions, and information.
New reporting system
The proposed new systems aim to simplify the reporting process by reducing the burden on the reporting person of having to interpret a violation on the application. Called the symptoms-first approach, the process will ask Twitter to ask the person what’s going on in the app instead of asking the reporter to try to diagnose the problem first.
Once a person reporting a violation describes what is happening, the networking app suggests the type of violation that took place. The reporter will then agree or disagree as to whether the app’s suggestion is correct. Twitter plans to collect as much information as possible to refine its reporting process.
Twitter plans to use the feedback it gets from the testing phase of the new reporting system to improve and help more people on the app. In addition, the test phase should allow the company to better understand what is happening on the application.
Twitter is looking to improve its reporting process, as it receives millions of reports of misinformation, spam harassment and hate speech. After collecting important feedback, it emerged that the current system does not allow users to feel safe or to be heard.
Earlier this month, Deutsche Bank analyst Lloyd Walmsley reiterated a hold note on the stock and lowered the price target to $ 50 from $ 69, implying upside potential of 12.46 % from current levels. According to the analyst, the 2023 targets appear increasingly overwhelmed and could constitute a surplus of Twitter’s stock.
The consensus among analysts is a hold based on 5 buy, 16 hold and 2 sell. Twitter’s average price target of $ 67.57 implies upside potential of 51.98% from current levels.
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