Twitter went public in 2013 with a bold mission statement to investors. It pledged to enable “any voice to echo around the world instantly and unfiltered”. Unlike many tech startups, Twitter lived up to its hype. But over time, its “unfiltered” promise has turned into a political liability.

Late last month, Twitter angered its most famous user by tagging some of President Donald Trump’s tweets as needing a fact check or glorifying violence. The president dashed off an order aimed at stripping the social platform and its peers of legal protections around hosting content. Legal experts doubt the order will stand up in court, but Trump’s action knocked 9% off Twitter’s stock.