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 content, including fake news, and review publishers for compliance. These steps by both Google and Facebook intended to deny ad revenue to fraudulent news sites; neither company took actions to prevent dissemination of false stories in search engine results pages or web feeds. Facebook CEO Mark Zuckerberg called the notion that fraudulent news impacted the 2016 election a "crazy idea" and denied that his platform influenced the election. He stated that 99% of Facebook's content was neither fake news nor a hoax. Zuckerberg said that Facebook is not a media company. Zuckerberg advised users to check the fact-checking website Snopes.com