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Protocol | Workplace

Twitter's staff is 43% women. They only net 37% of compensation.

Twitter's latest diversity report showed gains in representation at the technical and leadership levels. But it's still facing a pay gap.

Twitter's staff is 43% women. They only net 37% of compensation.

Twitter

Photo: Sara Kurfeß/Unsplash

Twitter released its second quarter diversity report Thursday, which reflected growing numbers of women and underrepresented minorities in technical and leadership roles. But the company still faces gaps in representation and pay equity: In the last quarter of 2020, it found that while women make up about 43% of Twitter's staff, they only take home about 37% of the company's overall compensation.


The gap also existed for underrepresented minorities at Twitter. "In the US, 6.3% identified as Black and netted 4.7% of total compensation, and 5.8% identified as Latinx and netted 4.8% of total compensation," the company's 2020 annual report reads.

This type of pay equity analysis is relatively unique because it looks beyond whether women and underrepresented minorities in a certain role make as much as their white or male counterparts. That's a metric Twitter has been studying for a while now, and according to the 2020 report, women at Twitter earned 100% of what their equivalent male peers earn. The same goes for underrepresented minorities and their white peers.

But the study looking at overall share of compensation gets at a deeper question: Are women and underrepresented minorities holding as many high-paid positions as their male and white peers? The answer appears to be: Not yet.

Twitter attributed this discrepancy to the fact that there are fewer women and underrepresented minorities in leadership and senior technical roles. "These insights underscore the urgency with which we must accelerate efforts already underway to increase representation and retention of women and [underrepresented minorities] in leadership and technical positions via our hiring, talent development and promotion practices," the report read.

The company's latest diversity report for the second quarter of 2021 shows it's making some progress on that front. The percentage of Black employees in technical roles has nearly tripled since Twitter started reporting these stats in 2017, and the percentage of Black employees in leadership roles has nearly doubled. Latinx representation in technical roles has also tripled. All of those numbers, though, still hover in the single digits. The percentage of women in technical roles also increased to about 29% last year, up more than 10 percentage points since 2017, while the number of women in leadership stayed roughly the same.

Along with its diversity stats, Twitter also shared details about its business resource groups, which are communities for employees from different backgrounds and demographics. In 2020, the company began paying leaders of these groups, recognizing that for some, leading the groups came with a heavy workload that went unrecognized by their managers. "The work they are responsible for driving is central to our journey to becoming the world's most diverse, inclusive, and accessible tech company," read a company blog post by Twitter's vice president of people experience, Dalana Brand.

Correction: This story has been updated throughout with Twitter's Q2 numbers. An earlier version included Twitter's 2020 stats.

Protocol | Fintech

Amazon wants a crypto play. Its history in payments is not encouraging.

It missed chances to be PayPal, Square and Stripe — so is this its chance to miss being Coinbase, too?

Amazon wants to be a crypto player.

Image: NurPhoto/Getty Images

The news that Amazon was hiring a lead for a new digital currency and blockchain initiative sent the price of bitcoin soaring. But there's another way to look at the news that's less bullish on bitcoin and bearish on Amazon: 13 years after Satoshi Nakamoto's whitepaper appeared on the internet, Amazon is just discovering cryptocurrency?

That may be a bit unkind, but the truth is sometimes unkind. And the reality is that Amazon has a long history of stumbles and missed opportunities in payments, which goes back more than two decades to the company's purchase of internet payments startup Accept.com.

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Owen Thomas

Owen Thomas is a senior editor at Protocol overseeing venture capital and financial technology coverage. He was previously business editor at the San Francisco Chronicle and before that editor-in-chief at ReadWrite, a technology news site. You're probably going to remind him that he was managing editor at Valleywag, Gawker Media's Silicon Valley gossip rag. He lives in San Francisco with his husband and Ramona the Love Terrier, whom you should follow on Instagram.

Over the last year, financial institutions have experienced unprecedented demand from their customers for exposure to cryptocurrency, and we've seen an inflow of institutional dollars driving bitcoin and other cryptocurrencies to record prices. Some banks have already launched cryptocurrency programs, but many more are evaluating the market.

That's why we've created the Crypto Maturity Model: an iterative roadmap for cryptocurrency product rollout, enabling financial institutions to evaluate market opportunities while addressing compliance requirements.

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Caitlin Barnett, Chainanalysis
Caitlin’s legal and compliance experience encompasses both cryptocurrency and traditional finance. As Director of Regulation and Compliance at Chainalysis, she helps leading financial institutions strategize and build compliance programs in order to adopt cryptocurrencies and offer new products to their customers. In addition, Caitlin helps facilitate dialogue with regulators and the industry on key policy issues within the cryptocurrency industry.
Protocol | Enterprise

How Google Cloud plans to kill its ‘Killed By Google’ reputation

Under the new Google Enterprise APIs policy, the company is making a promise that its services will remain available and stable far into the future.

Google Cloud CEO Thomas Kurian has promised to make the company more customer-friendly.

Photo: Michael Short/Bloomberg via Getty Images 2019

Google Cloud issued a promise Monday to current and potential customers that it's safe to build a business around its core technologies, another step in its transformation from an engineering playground to a true enterprise tech vendor.

Starting Monday, Google will designate a subset of APIs across the company as Google Enterprise APIs, including APIs from Google Cloud, Google Workspace and Google Maps. APIs selected for this category — which will include "a majority" of Google Cloud APIs according to Kripa Krishnan, vice president at Google Cloud — will be subject to strict guidelines regarding any changes that could affect customer software built around those APIs.

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Tom Krazit

Tom Krazit ( @tomkrazit) is Protocol's enterprise editor, covering cloud computing and enterprise technology out of the Pacific Northwest. He has written and edited stories about the technology industry for almost two decades for publications such as IDG, CNET, paidContent, and GeekWire, and served as executive editor of Gigaom and Structure.

Amazon job opening points to plan to accept crypto payments

The news sparked a rally in the values of bitcoin and other cryptocurrencies.

Amazon may be planning to let customers pay for orders with cryptocurrencies.

Photo: David Ryder/Getty Images

Amazon is looking to hire a digital currency and blockchain expert suggesting a plan to let customers accept cryptocurrencies as payments.

The tech giant's job opening says Amazon is looking for "an experienced product leader" to help develop the company's "digital currency and blockchain strategy and roadmap" Amazon is looking for product leader with expertise in blockchain, distributed ledger, central bank digital currencies and cryptocurrency.

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Benjamin Pimentel

Benjamin Pimentel ( @benpimentel) covers fintech from San Francisco. He has reported on many of the biggest tech stories over the past 20 years for the San Francisco Chronicle, Dow Jones MarketWatch and Business Insider, from the dot-com crash, the rise of cloud computing, social networking and AI to the impact of the Great Recession and the COVID crisis on Silicon Valley and beyond. He can be reached at bpimentel@protocol.com or via Signal at (510)731-8429.

Protocol | Policy

Big Tech tried to redefine terrorism online. It got messy fast.

The Global Internet Forum to Counter Terrorism announced a series of narrow steps it's taking that underscore just how fraught the job of classifying terror online really is.

Erin Saltman is GIFCT's director of programming.

Photo: Paul Morigi/Flickr

A little over a month after the Jan. 6 riot, the tech industry's leading anti-terrorism alliance — a group founded by Facebook, YouTube, Microsoft and Twitter — announced it was seeking ideas for how it could expand its definition of terrorism, which had for years been more or less synonymous with Islamic terrorism. The group, called the Global Internet Forum to Counter Terrorism or GIFCT, had been considering such a shift for at least a year, but the rising threat of domestic extremism, punctuated by the Capitol uprising, made it all the more clear something needed to change.

But after months of interviewing member companies, months of considering academic proposals and months spent mulling the impact of tech platforms on this and other violent events around the world, the group's policies have barely budged. On Monday, in a 177-page report, GIFCT released the first details of its plan, and, well, a radical rethinking of online extremism it is not. Instead, the report lays out a series of narrow steps that underscore just how fraught the job of classifying terror online really is.

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Issie Lapowsky

Issie Lapowsky ( @issielapowsky) is Protocol's chief correspondent, covering the intersection of technology, politics, and national affairs. She also oversees Protocol's fellowship program. Previously, she was a senior writer at Wired, where she covered the 2016 election and the Facebook beat in its aftermath. Prior to that, Issie worked as a staff writer for Inc. magazine, writing about small business and entrepreneurship. She has also worked as an on-air contributor for CBS News and taught a graduate-level course at New York University's Center for Publishing on how tech giants have affected publishing.

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