“Founder Jack Dorsey last week admitted at a Twitter event that he was not a fan of the heart-shaped button and that it would be getting rid of it ‘soon,'” read the report.
However, Twitter has since come out to refute the timeline described in the report, while confirming that the company is considering such a move after Jack Dorsey’s testimony in front of Congress last month.
The Twitter communications team reassured users that there are no current plans to follow through with the removal of the “like” button and that it’s certainly not happening “soon,” as The Telegraph report suggests.
Short story on "like." We've been open that we're considering it. Jack even mentioned it in front of the US Congress. There's no timeline. It's not happening "soon." https://t.co/jXBmkudWYv
— Brandon Borrman (@bborrman) October 29, 2018
The news has largely been ignored by Wall Street, as Twitter finished Monday up $0.03 to $32.39 a share, giving the 12-year-old social network a $24.55 billion market cap. Twitter has had a volatile year of trading as numerous issues have negatively impacted social media platforms, including censorship and data security.