As advertisers depart Twitter in the wake of Elon Musk’s recent takeover, the billionaire owner continues to shake up the social media platform, which on Tuesday relaxed a ban on political and issue-based advertising put in place for over three years.
When then-CEO Jack Dorsey announced the ban in October 2019, he explained that “this isn’t about free expression. This is about paying for reach. And paying to increase the reach of political speech has significant ramifications that today’s democratic infrastructure may not be prepared to handle.”
The Twitter Safety account revealed the policy change in a pair of tweets late Tuesday:
We believe that cause-based advertising can facilitate public conversation around important topics. Today, we’re relaxing our ads policy for cause-based ads in the U.S. We also plan to expand the political advertising we permit in the coming weeks.
Moving forward, we will align our advertising policy with that of TV and other media outlets. As with all policy changes, we will first ensure that our approach to reviewing and approving content protects people on Twitter. We’ll share more details as this work progresses.
Politiconoted that “advertisers have fled the platform in droves after Elon Musk’s takeover last October, which was followed by a spike in hate speech and the reinstatement of several previously banned right-wing accounts. The move also puts Twitter in alignment with several of the other major social media companies, such as Meta’s Facebook and Google’s YouTube, which both allow paid political content. One notable exception is ByteDance’s TikTok, which still has a ban on political advertising.”
Some digital media experts noted issues with the 2019 ban. For example, Fight for the Future director Evan Greer on Wednesday pointed to what climate journalist Emily Atkin called “Twitter’s Big Oil ad loophole” in her February 2021 reporting.
It's weird this article doesn't mention the pitfalls of Twitter's political ad ban, like the time they allowed banks to run ads about environmental initiatives, but didn't allow environmental activists to run ads about those bands fossil fuels investments https://t.co/xfs6v923f2— Evan Greer is on Mastodon (@evan_greer) January 4, 2023
As Ars Technicareported Wednesday:
That 2019 ban included exceptions for some cause-based advertising, where advertisers were permitted to conduct some microtargeting of Twitter users based on limited geographic location information, keywords, and interests. Notably, advertisers were not allowed to target audiences based on political affiliation like “conservative” or “liberal.” Under these prior rules, Twitter-certified cause-based advertisers approved to promote content created to “educate, raise awareness, and/or call for people to take action in connection with civic engagement, economic growth, environmental stewardship, or social equity.”
In 2019, the Electronic Frontier Foundation said that Twitter limiting cause-based advertising wasn’t a good policy because the microtargeting exception applies to “an almost impossibly broad range of advertisements adjacent to the banned campaign content.” The EFF said this policy had “the potential to worsen the problem it is trying to solve,” suggesting that smaller social media platforms that “let users choose the moderation approaches that work for them” do more to empower their users to “protect themselves from manipulative advertising.”
Meanwhile, some critics expressed concern about the impacts of the new policy on U.S. democracy.
“A major new forum for massive amounts of money to be spent to influence politics. Awesome!” Citizens for Responsibility and Ethics in Washington president Noah Bookbinder sardonically tweeted with a facepalm emoji.
Tim Karr, senior director of strategy and communications at Free Press, said he was skeptical that Musk would pair the ban reversal with the sort of fact-checking “that would actually ‘facilitate’ healthy public discourse,” given the new owner’s “obsession with spreading [disinformation] and conspiracy theories.”
Republican digital strategist Eric Wilson told The Washington Post that while there would be a “learning curve” for campaigns that choose to now advertise on Twitter, “obviously it’s good to have more options” and he expects that political candidates will take advantage of the advertising opportunity as long as journalists continue to use the platform.
“We know voters are not as active on Twitter as they are on places like Facebook and Instagram,” Wilson said, referring to Meta’s social media platforms. “But it remains important for shaping political narratives.”
While advertising was Twitter’s primary revenue source pre-Musk, it’s not clear that the policy change will notably benefit the company from a financial standpoint. Before the ban, political ad spending for the U.S. 2018 midterm cycle was less than $3 million. Twitter’s total revenue was $3 billion in 2018 and in 2021 it topped $5 billion, $4.51 billion of which came from ads.
A few weeks after Musk bought the company in October, Media Matters for America revealed that 50 of its 100 top advertisers—which collectively “accounted for nearly $2 billion in spending on the platform since 2020, and over $750 million in advertising in 2022 alone”—had “announced or seemingly stopped advertising on Twitter.”
This post has been updated to clarify Twitter’s 2021 revenue figures.
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