Posted on 01/13/2021 3:32:39 PM PST by marcusmaximus
Facebook and Twitter, the two largest social media platforms to permanently ban President Donald Trump for his role in last week's Capitol riots, saw $51.2 billion in combined market value erased over the last two trading sessions.
Companies across sectors have responded to the president's rhetoric in recent days by pausing political donations, making statements decrying his inflammatory remarks, and pulling products with links to right-wing movements. Facebook and Twitter possibly took the biggest retaliatory steps when they indefinitely banned Trump from their platforms on Thursday and Friday, respectively.
Both companies cited the risk of additional violence for their bans, but investors largely balked at the action. Facebook tumbled 4% on Monday and another 2.2% on Tuesday as shareholders dumped the stock, likely fearing the ban could drive users off the platform. By the time markets closed on Tuesday, Facebook's market cap sat $47.6 billion below its Friday level.
Twitter plunged 6.4% to start the week and dipped another 2.4% as the sell-off continued into Tuesday's close. The declines saw Twitter's market cap drop by $3.5 billion.
(Excerpt) Read more at markets.businessinsider.com ...
Can the stock holders sue?
posted on 1/13/2021, 12:25:39 PM by AAABEST
we need to encourage more more financial destruction of these communist supporters.
They love violent supporting ANTIFA POSTS but hate constitution following Americans.
hehehe you can’t fix stupid..they had plenty of warning..they saw what happened to fox news..all i can say is esad.
Facebook and Twitter don’t care. They took their orders from the overlords at Google and Amazon. They didn’t want to become Parler.
Go for $300 Billion!
Yup, what seems like big bucks to us, is shoe money to these organizations.
Yes. But only if you’re a Democrat.
at this rate we may be able to save some real money LOL
Me too! They both deserve to tank and tank hard!
Good.
Let’s drive their viewership down to zero.
C’mon man we can do it.
Don’t patronize these communist sites.
SHAREHOLDER LAWSUITS???
It isn’t a loss if they don’t sell at a loss besides that paltry amount is chicken feed to those tyrants.
Add to list Walmart Bestbuy and AiRBnB
Wow. Did these businesses also close the door on Trump too? I did not know that.
“CCP will cover the loses. Just the cost of getting rid of Trump and hurting America.”
CCP can’t cover anything. CCP is bleeding fiat digital yuan from every orifice. Moneyland, the offshore conduit, is pounding China to pulp.
we need to stock focusing on the stock price
Soon Big tech may announce huge stock buybacks with their huge cash reserves to pump up the shares
this is a long term battle and slowing down or even stalling new user growth is the key
we need to SPOT focusing on the stock price
Soon Big tech may announce huge stock buybacks with their huge cash reserves to pump up the shares
this is a long term battle and slowing down or even stalling new user growth is the key
I hope they fail. Completely.
That’s OK. Biden and the democrats will reward their loyalty.
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