Thursday, January 21, 2021
Thursday, January 21, 2021

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

Get Your Content. Daily.

Be the first to know about the biggest stories as they break. Sign up for breaking news email alerts from Your Content.

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.

- Advertisement -

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

“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.

- Advertisement -

Protect Independent Journalism

Your Content is a nonprofit newsroom registered in Pennsylvania [Entity No.: 6690403] that produces nonpartisan, evidence-based journalism to expose injustice, corruption and wrongdoing.

Spearheading the news revolution for Americans across the nation, Your Content has brought a voice to those the media failed to acknowledge.

This story you’ve just finished was funded by our readers and we hope it inspires you to make a gift to Your Content so that we can publish more reports like this one that holds people in power to account and produces real change.

Your donation will help us ensure that we can continue this critical work. We are busier than ever covering stories you won’t see anywhere else.

USA
25,186,839
confirmed cases
Updated on January 21, 2021 8:26 pm
united states
419,991
deaths
Updated on January 21, 2021 8:26 pm
united states
9,665,893
active
Updated on January 21, 2021 8:26 pm
united states
15,100,955
recovered
Updated on January 21, 2021 8:26 pm
World
98,048,558
confirmed cases
Updated on January 21, 2021 8:26 pm
world
2,098,123
deaths
Updated on January 21, 2021 8:26 pm
world
25,723,557
active
Updated on January 21, 2021 8:26 pm
world
70,226,878
recovered
Updated on January 21, 2021 8:26 pm

Related Articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here