Posted on 01/11/2021 11:15:13 AM PST by BlackFemaleArmyColonel
It looks as though Big Tech is learning a very staunch financial lesson on your Monday morning. Twitter has now lost over $5 billion in market share since opening bell on Monday, as the tech giant faces major backlash after banning President Trump.
The massive fall is following the platforms banning of President Donald Trump, General Michael Flynn, Lin Wood, Sindey Powell, and a slew of other high profile conservatives the site banned in the last 72 hours.
Banning the leader of the free world is not only a violation of the 1st amendment, but part of yet another coup by big tech corporations and the Democrats to try to illegally remove Trump from office.
The President who had more than 88 million followers gave the platform a massive influx of supporters and revenue from their tweets and content.
Twitter stock has fell by 12% so far and counting, the share-price decline wiped $5 billion from Twitter’s market capitalization.
Will other tech companies realize that banning one of the most popular President’s in history is a bad career move? Or will they continue to try to ban conservatives and end free speech in America?
NOT enough!
I can do without Amazon, too.
Needs to go to ZERO!!!
Not enough.
We need Twitter to go out of business.
I figured out how to cash in on the Biden Presidency, go long Yuan.
Burn, baby, burn!
I just deactivated my account (that I never used) and encourage other’s to do the same
Nowhere near enough. If it can't lose at least 50% of value, it will just come back with the markets.
5 billion! I like the sound of that!
Not enough...............
what is to keep it from dropping to 50% or less this week?
Twatter is not in it to make money. Their cash flow is assured. The people who are truly in control see to it that twatter and the other social media get money regardless of whatever happens. That is, as long as they support leftist causes and trash the right.
But hey, they still have thirty pieces of silver. I know what happened to the last traitor that accepted his thirty pieces of silver....jack meet rope
The IPO launch price was around $40. If they're trading in the mid-40s six years later at a time when the stock market is in record territory, then this is a putrid stock to own by any objective measure.
I turned off all seven of my Twitter accounts.
Twitter - closed
FaceButt - closed
Google - closed
youtube - closed
Amazon - closed
did I miss anything?
Never a good business strategy to seriously piss off HALF of your customer base.
Why companies like Twitter, Amazon, Apple, Gillette, Marriott, Mozilla, Ben & Jerrys, Penzey’s Spices and a list of others far too long can’t figure that out is beyond me.
Wife’s theory is that these companies simply expect we will all comply with their worldview, and that if not, no big deal. But it IS a big deal if you publicly tell roughly half of your customer base “thanks, but go away”. Idiotic, and any CEO taking this approach should be fired, IMHO, just due to the impact he/she would have on basically cratering that company’s business.
The more other obsessively PC companies are jumping on the anti-free speech bandwagon, the worse Twitter looks.
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