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Twitter’s CEO Jack Dorsey might be regretting his decision. In a shocking statement from the tech mogul, Dorsey admitted that banning President Trump from the platform set a “dangerous” precedent. Dorsey also admitted that banning Trump was a “failure of ours ultimately to promote healthy conversation.”

TTN – The Daily Wire reports:

“I do not celebrate or feel pride in our having to ban @realDonaldTrump from Twitter, or how we got here. After a clear warning we’d take this action, we made a decision with the best information we had based on threats to physical safety both on and off Twitter,” Dorsey wrote. “Was this correct? I believe this was the right decision for Twitter. We faced an extraordinary and untenable circumstance, forcing us to focus all of our actions on public safety. Offline harm as a result of online speech is demonstrably real, and what drives our policy and enforcement above all.”

“That said, having to ban an account has real and significant ramifications. While there are clear and obvious exceptions, I feel a ban is a failure of ours ultimately to promote healthy conversation. And a time for us to reflect on our operations and the environment around us,” he continued. “Having to take these actions fragment the public conversation. They divide us. They limit the potential for clarification, redemption, and learning. And sets a precedent I feel is dangerous: the power an individual or corporation has over a part of the global public conversation.”

Dorsey also admitted that Twitter did not coordinate with other platforms that also served President Trump’s suspensions. Facebook and Instagram also temporarily froze the President’s accounts. The Twitter CEO claims that while other platforms may have been initially spurred by the company’s actions their motives were their own.

“This moment in time might call for this dynamic, but over the long term it will be destructive to the noble purpose and ideals of the open internet. A company making a business decision to moderate itself is different from a government removing access, yet can feel much the same,” he said. “Yes, we all need to look critically at inconsistencies of our policy and enforcement. Yes, we need to look at how our service might incentivize distraction and harm. Yes, we need more transparency in our moderation operations. All this can’t erode a free and open global internet.”

“The reason I have so much passion for #Bitcoin is largely because of the model it demonstrates: a foundational internet technology that is not controlled or influenced by any single individual or entity. This is what the internet wants to be, and over time, more of it will be,” Dorsey continued. “We are trying to do our part by funding an initiative around an open decentralized standard for social media. Our goal is to be a client of that standard for the public conversation layer of the internet.”

Dorsey’s statement comes days after Twitter has taken a substantial hit in the stock market.

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