Twitter’s stock price tumbles 12% after permanently banning President Trump

Twitter stock fell as much as 12% on Monday after the social-media company permanently suspended President Donald Trump’s account on Friday evening. The share-price decline wiped $5 billion from Twitter’s market capitalization.

Twitter’s bosses suspended Trump’s account – which had about 88 million followers – after the world leader’s fanning of conspiracy theories about voter fraud and election theft spurred thousands of his supporters to protest in the Capitol last week. (Businessinsider.com said the protestors set out to “lay siege” to the Capitol, which I think is a gross overstatement.)

Twitter’s move against the outgoing president — whose account had more than 88 million followers — was the first permanent suspension for a head of state.

https://markets.businessinsider.com/news/stocks/twitter-stock-price-president-donald-trump-permanently-banned-tweeting-2021-1-1029946778

https://finance.yahoo.com/news/twitter-shares-tumble-after-site-permanently-bans-trump-133716623.html

https://nypost.com/2021/01/11/twitter-stock-plunges-after-banning-president-trump/


10 thoughts on “Twitter’s stock price tumbles 12% after permanently banning President Trump”

  1. I see no reason why TRUMP can not form a powerful organization with the White Men who have been banned, like Jordan Peterson, etc. AND HUNDREDS of other White Men. They can bankrupt Twatter and other communist organization.

    We either fight with “words” today, or with “bullets” tomorrow. I have my bullets.

    Reply
  2. Every ‘follower’ of Trump on Twitter has their own decision to make on whether to ban Twitter from their daily activities.

    Up to each and every one of you, but if you continue using Twitter, you condone their action.

    If 50 million of you shut down your accounts, the stock value will plunge again….and plunge it most certainly deserves to do…..

    ‘Twitter: where Dorsey is ‘God’ and free speech is dead’.

    That should be the strapline for a negative advertising campaign….

    Reply
  3. never joined the flock and im glad i didnt
    ditto f u overbook and the rest
    amazons dirty move on parler server denial sucks bigtime
    hope they offshore to iceland.
    and i see firefox is going fullon pro bidet and pc woke
    I hear Epic and Brave are good options

    Reply
    • Gab has a browser called Dissenter. It is based on Brave but allegedly has much of the advertising components removed. From their site, “The Dissenter web browser is built for The People, not advertisers. Block Big Tech ads and trackers by default. Discover a comment section on every URL online. Welcome to the free speech internet.”

      I exported all of my bookmarks over to it and have been using it extensively. Not seeing any issues although not quite as user friendly as Firefox.

      I would also suggest that you use a vpn now for everything. I use one every time I am online and notice little speed reduction.

      Reply
      • i thought Brave was no ad n tracking etcspyware?
        and it runs on Linux im told but seems fiddly to install from reading their page;-/
        was also tipped on another called Epic

        Reply
  4. Good. Glad to see some “payback” of some kind. On the other hand, since I don’t do any social media stuff at all (I have enough to do in the real world), If twitterpated’s stock tumbles to the floor, FINE BY ME.

    Reply
  5. I observe Parler to be removed from absolutely anywhere and everywhere. I had only just set up my account n all. Life’s a bitch.

    Reply
  6. Wow, I’ll have to get a brokerage account really quick and start short-selling Twitter stock as it plummets down!! When you short-sell, you make money if the stock goes down, not up. It’s the opposite of the normal situation, when you buy and hope it goes up.

    Reply

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