Twitter has opened a whole can of worms. There are several official state agencies with their propaganda PR arms on Twitter. Will they fact check them too and risk being banned in those countries?
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They're an American company and can choose to justify fact-checking only the US President if they want. It's not like hypocrisy has bothered them in the past; it clearly didn't bother them when the US elected a troll and they fixed the glitch of their own TOS suggesting he be banned from their service by modifying the TOS to have a carve-out for "newsworthiness."