Twitter to ban political ads from November 22

Twitter Inc will ban political advertising on its platform next month, the company’s chief executive said on Wednesday, according to Reuters.

The move is said to have won praise from Democrats and scorn from Donald Trump’s presidential campaign.

"We've made the decision to stop all political advertising on Twitter globally," said Twitter CEO Jack Dorsey in a statement here "We believe political message reach should be earned, not bought."

Analysts do not expect the ban, which takes effect on Nov. 22, to significantly reduce Twitter’s business. Its shares fell 1.9% in after-hours trading.

Social media companies, including Twitter rival Facebook Inc (FB.O) face growing pressure to stop carrying ads that spread false information that could steer elections.