Posted on 01/11/2021 8:13:49 AM PST by conservative98
Shares of the Palo Alto, Calif.-based company fell more than 10% at the opening bell, erasing more than $2.5 billion from Twitter’s $41 billion market capitalization. Facebook Inc. and Alphabet Inc. were also lower after Trump’s accounts were removed from their platforms.
(Excerpt) Read more at foxnews.com ...
How many millions of users deleted their own accounts?
How much is twitter worth?
Could a really rich guy buy a controlling interest and fire the leftist facist if the stock gets low enough?
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I deactivated my account because no option to simply delete it, but I read that after 30 days will be permanently deleted. However, I re-activated it and deactivated again because it felt good! I’m thinking of re-activating my account every day and immediately deactivating it again just to tick them off and make me feel better.
Not enough.
Twitter still wondering what that thingy about for every action there is a reaction is.
What ever idiots will pay for it
To be fair, a lot of stocks are also down today.
Re: did you search
Of course. Did you read? The earlier article showed only a 7.5% drop. It is now 10%. RIF.
I did, back way before the election.
Never looked back.
I wouldn’t get too excited about Twitter shares going down. The Deep State will prop it up. They take care of their own.
All these liberal tech stocks, they are all created by the left, for the left, using our money to prop up these unprofitable monopolistic beasts. They use their influence too on Wall Street to pop them into the SP500 so the high prices perpetuate despite not being profitable. It’s a pretty damn good scam...
The DJIA is down all of 1/4%. Dropping 10% is a lot, and signals for people to sell if there’s no upside foreseen.
Amazon is the big deal here. They make no money selling products, but their AWS internet is powerful. But easily replaced with a server farm.
It’s been that way for the media for over 100 years.
You can thank the Federal Reserve.
Wait until the unionization of Silicon Valley happens. In the interim, there needs to be another Silicon Valley, perhaps in Texas. Create alternative companies to Google, Twitter, YouTube and FaceBook.
I can see Trump and friends financing alternative platforms with new Datacenters to support the platforms. Also to compete with the Amazonians of the world in hosting services.
That’s the only way we will be able to compete, now that our way of communicating has been irreparably harmed.
I did.
Happy to delete it. Twitter is nothing but a cesspool anyway.
But easily replaced with a server farm.
———
It’s not just a server farm. It’s all the hosted micro-services which are impossible or extremely difficult to replicate. It’s the ability to quickly spin-up and remove instances dynamically.
10% down at the opening bell. Where is it now?
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