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 ...
That’s not enough and not long enough. More! Boycott them until we no longer remember them.
More people NEED TO reject them from their investment accounts, it will continue to tumble I called on Friday to have them removed from my accounts I was told that the calls and requests for the same were overwhelming and the changes would be made within the next week!! So watch for the continued fall!! NOW EVERYONE needs to stay OFF of these sites delete them AND do not buy one damn thing from Amazon!!
As we say in the Old Country, “Payback’s a bitch and we are the biggest bitches in the country”.
Many of my family and friends are dropping Facebook, Twitter, and business companies like a horse with diarrhea drops their load.
We found a nice, upscale grocery store, Fresh Market, and buy a few items we like and can afford, but I’m going to drop off a note to the manager saying Adios. We’ll find some other store/chain that is pro-American.
Bullshit walks but money talks.
As we say in the Old Country, “Payback’s a bitch and we are the biggest bitches in the country”.
Many of my family and friends are dropping Facebook, Twitter, and business companies like a horse with diarrhea drops their load.
We found a nice, upscale grocery store, Fresh Market, and buy a few items we like and can afford, but I’m going to drop off a note to the manager saying Adios. We’ll find some other store/chain that is pro-American.
Bullshit walks but money talks.
Good news of the day.
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