https://images2.markets.businessinsider.com/5e320918e0e14453491aae2d?format=jpegTwitter stock slumped on Monday after the platform permanently barred President Donald Trump.
REUTERS/Jonathan Ernst
[ul]
[li]Twitter’s stock price tumbled as much as 12% on Monday, erasing $5 billion from its market capitalization.[/li][li]The tumble followed the social-media group’s permanent suspension of President Donald Trump’s account on Friday.[/li][li]“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.[/li][li]Trump, who had about 88 million followers, generated enormous publicity for the platform with his controversial and incendiary tweets over the past six years.[/li][li]Sign up here our daily newsletter, 10 Things Before the Opening Bell.[/li][/ul]
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 lay siege to the Capitol last week.
So it’s about where it was a month ago ? It’s trading at $48. Was $38 back in Nov. Will be back to $55+ in another week or two. I bought at $24 back in March btw. Mbele iko sawa. No negotiating with terrorists.
hapo sawa we will bring facebook and twitter to their knees, kila mtu kwa nyumba yangu from bibi to watoi to mboch to bukusu shepart nimetoa amri watoke twitter na waniletee sworn affidavit .
Good. Me I deleted my 10 year old Twitter account last year… it’s the most abusive, negative and toxic app ever.
Especially if you’re at trump supporter