Twitter loses $5 billion in market value after Trump is permanently barred from the platform
THERON MOHAMED Today at 11:13 AM

Twitter's stock price tumbled as much as 12% on Monday, erasing $5 billion from its market capitalization.
Twitter stock slumped on Monday after the platform permanently barred President Donald Trump.Twitter stock slumped on Monday after the platform permanently barred President Donald Trump. REUTERS/Jonathan Ernst
The tumble followed the social-media group's permanent suspension of President Donald Trump's account on Friday.
"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.
Trump, who had about 88 million followers, generated enormous publicity for the platform with his controversial and incendiary tweets over the past six years.
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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.

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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.

"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 ban followed Facebook's suspension of Trump for at least the rest of his presidency. CEO Mark Zuckerberg defended the decision in a Facebook post on Thursday, arguing that Trump appeared intent on using his account to undermine a peaceful transition of power and risked sparking more violence.

Twitter stock likely fell because investors are worried the Trump ban will erode interest in the platform and lead to boycotts among those who see the decision as politically motivated and a way to silence a major conservative voice.

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https://africa.businessinsider.com/tech/twitter-loses-dollar5-billion-in-market-value-after-trump-is-permanently-barred-from/yz7b6bq

Damn!! Close to 50% of Jack Dorsey 's net worth.

Jack should expect more losses

Trump made twitter.....

[img]https://media1./images/b5e10233f3d906b7a21cb7c5f416a6ff/tenor.gif?itemid=19084130[/img]

Jack need to shine he's eyes

Fantastic..

A Nigerian man would rather find a way to support Trump than lose 30% of his net worth..

They'd rather lose their integrity than lose money

The man is not entirely business wise it's telling on them already
he should consult an Igbo man

the platform will regain it's losses when Biden takes over from Trump, Biden is also on Twitter and will definitely accelerate it's earning few weeks from now.

Jack Dorsey is a clumsy fellow. He failed to see the fact that Trump made Twitter popular

Freestainworld:
the platform will regain it's losses when Biden takes over from Trump, Biden is also on Twitter and will definitely accelerate it's earning few weeks from now.

Biden ke

How many persons are interested in what he says or writes?

Democrats don use Jack head oo

Jack na serious olodo

Trump was moving his business for him... immediately his village people touched his head to ban him.

So white people dey get village people

obonujoker:


Biden ke

How many persons are interested in what he says or writes?

life is always like that, some people will be interested in you while some will not, when he finally assume that office you will see

Lies.

Trump blunt and crazy tweet is the reason Tweeter is popular,he always say it the way it is which makes democrat angry anytime he tweet ... y'all should come to Gab,that's where Trump supporters are going.


But oboy were $5b

Majority were moving to Parler which has been shut down by Apple. The baseless censorship of Trump and other conservatives is very bad.

The costly implication of taking decisions out of mass anti-trump hysteria. Trump has tens of millions of twitter followers and millions of other twitter users who are his admirers even though not followers. Aside this, there are activist groups and conservative organizations world over who find twitter a handy way of communicating with his administration. Deleting his account will come with a price. I for one never uses twitter except for Biafra stuffs, despite having registered in 2010. I even had to recover my password in 2017 for that.

Freestainworld:
the platform will regain it's losses when Biden takes over from Trump, Biden is also on Twitter and will definitely accelerate it's earning few weeks from now.

Biden has no weight for what trump command on SM twitter following of 88million to 11millions