Sunday, December 3, 2023
Sunday, December 3, 2023
Sunday, December 3, 2023

Twitter stock DID get ‘hit like a meteor’ for Trump ban, $5B plummet in market value




Sign up with Your Content for the latest updates. Have a story or news tip? Contact our 24/7 newsroom at 833.336.8013 or email us.

Twitter stock fell as much as 12% on Monday after the social-media company permanently suspended President Donald Trump’s account on Friday evening, Your Content has learned.

Your Content readers were first to prepare for the share-price decline that wiped $5 billion from Twitter’s market capitalization.

Twitter’s bosses suspended Trump’s account—which had about 88 million followers—claiming the President deemed a ‘risk of threat’ to the community.

“After close review of recent Tweets from the @realDonaldTrump account and the context around them we have permanently suspended the account due to the risk of further incitement of violence,” Twitter said.

“The business model of something like @Twitter rests on more users and more interactions between them.” Nicholas de Cuse said.

- Advertisement -

“It’s not compatible with Jack Dorsey’s thought control political mission. Its stock is bound to crash. Pull out.”

“When Monday comes, the Twitter stock [is] gonna crash like a meteor.” said Majestic.

The hit comes after Twitter banned President Donald Trump from their platform—isolating some 89 million followers representing nearly 48 percent of the company’s total base of monetizable daily active users at the end of the third quarter.

Your Content is a publication centered around breaking news, trends, and true crime investigations. Sign up to receive our biggest stories as soon as they’re published.

Ohio High School Principal Resigns Amid Sexual Harassment Investigation

Robert Griffiths, the principal of an Ohio high school, has resigned following allegations of...

Serial Bank Robber Arrested in Metro Atlanta Following Multi-Agency Investigation

Dallas, Georgia, police, in conjunction with other law enforcement agencies, have successfully apprehended a...

Search for Armed Robbery Suspect in Maumelle Dollar General

The Pulaski County Sheriff’s Office is requesting public help in identifying a suspect involved...

Birmingham Police Arrest Man as Investigation into Father’s Disappearance Takes a Dark Turn

BIRMINGHAM, Ala. — The Birmingham Police Department has reported a significant development in a...