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Twitter Loses $5 BILLION in Market Share as Stock TUMBLES After Platform Bans President Trump
The DC Patriot ^ | 11 Jan 21

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?


TOPICS:
KEYWORDS: stockmarket; twitterstock; twittertrump
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Good!!!
1 posted on 01/11/2021 11:15:13 AM PST by BlackFemaleArmyColonel
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To: BlackFemaleArmyColonel

NOT enough!


2 posted on 01/11/2021 11:16:56 AM PST by rktman (Destroy America from the inside? Check! WTH? Screwed, blued and tatooed.)
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To: BlackFemaleArmyColonel

I can do without Amazon, too.


3 posted on 01/11/2021 11:17:08 AM PST by Sacajaweau
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To: BlackFemaleArmyColonel

Needs to go to ZERO!!!


4 posted on 01/11/2021 11:17:25 AM PST by Ann Archy (Abortion....... The HUMAN Sacrifice to the god of Convenience.)
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To: BlackFemaleArmyColonel

Not enough.
We need Twitter to go out of business.


5 posted on 01/11/2021 11:17:26 AM PST by Jonty30 (What Islam and secularism have in common is that they are both death cults. )
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To: BlackFemaleArmyColonel

I figured out how to cash in on the Biden Presidency, go long Yuan.


6 posted on 01/11/2021 11:18:25 AM PST by 1Old Pro
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To: BlackFemaleArmyColonel

Burn, baby, burn!


7 posted on 01/11/2021 11:18:28 AM PST by Southside_Chicago_Republican (The more I learn about people, the more I like my dog. )
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To: BlackFemaleArmyColonel

I just deactivated my account (that I never used) and encourage other’s to do the same


8 posted on 01/11/2021 11:18:40 AM PST by lwd
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To: rktman
NOT enough!

Nowhere near enough. If it can't lose at least 50% of value, it will just come back with the markets.

9 posted on 01/11/2021 11:18:42 AM PST by CatOwner (Don't expect anyone, even conservatives, to have your back when the SHTF in 2021)
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To: BlackFemaleArmyColonel

5 billion! I like the sound of that!


10 posted on 01/11/2021 11:18:45 AM PST by softengine
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To: BlackFemaleArmyColonel

Not enough...............


11 posted on 01/11/2021 11:19:16 AM PST by blueyon (`nt to be a nothing burger)
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To: BlackFemaleArmyColonel

12 posted on 01/11/2021 11:19:52 AM PST by Red Badger (TREASON is the REASON for the SLEAZIN'.................................)
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To: BlackFemaleArmyColonel

what is to keep it from dropping to 50% or less this week?


13 posted on 01/11/2021 11:20:05 AM PST by detch (")
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To: BlackFemaleArmyColonel

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.


14 posted on 01/11/2021 11:20:52 AM PST by I want the USA back (I fear my government much much much much much much much much much much more than a virus from china.)
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To: BlackFemaleArmyColonel

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


15 posted on 01/11/2021 11:20:52 AM PST by patriot torch (Ashlie Babbitt-say her name)
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To: Jonty30
It's hard to expect Twitter to fall much more when it has been a dog of a stock for more than five years.

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.

16 posted on 01/11/2021 11:20:54 AM PST by Alberta's Child ("There's somebody new and he sure ain't no rodeo man.")
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To: BlackFemaleArmyColonel

I turned off all seven of my Twitter accounts.


17 posted on 01/11/2021 11:21:29 AM PST by gunsequalfreedom
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To: BlackFemaleArmyColonel

Twitter - closed
FaceButt - closed
Google - closed
youtube - closed
Amazon - closed

did I miss anything?


18 posted on 01/11/2021 11:22:19 AM PST by j_guru
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To: BlackFemaleArmyColonel

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.


19 posted on 01/11/2021 11:22:59 AM PST by jstolzen
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To: BlackFemaleArmyColonel

The more other obsessively PC companies are jumping on the anti-free speech bandwagon, the worse Twitter looks.


20 posted on 01/11/2021 11:23:28 AM PST by JennysCool (2020: Aging “world socialists” promoting their ideology by scaring the crap out of gullible people.)
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