Jack Dorsey to $1.59 million. In March 2018, Dorsey announced that an improved version of the verification system is coming to Twitter. The purpose of redesigning verification is to let people verify more facts about themselves, emphasizing proof of identity. The overhaul was not in place before the U.S midterm election of 2018 to help in verifying the identities of the candidates. In September 2018, Dorsey testified before the Senate Intelligence Committee alongside Facebook COO Sheryl Sandberg about meddling in the 2016 presidential election. Following this testimony, Twitter shares fell 6%. Dorsey, along with co-founder Jim McKelvey, developed a small business platform
Fake news website Fake news website Fake news websites (also referred to as hoax news websites) are Internet websites that deliberately publish fake news—hoaxes, propaganda, and disinformation purporting to be real news—often using social media to drive web traffic and amplify their effect. Unlike news satire, fake news websites deliberately seek to be perceived as legitimate and taken at face value, often for financial or political gain. Such sites have promoted political falsehoods in Germany, Indonesia and the Philippines, Sweden, Myanmar, and the United States. Many sites originate in, or are promoted by, Russia, Macedonia, Romania, and some individuals in the United States.