Posted on 01/11/2021 8:01:47 PM PST by Alas Babylon!
Shares of Twitter on Monday dropped 12 percent, after the company banned President Donald Trump and a slew of other conservatives.
Shares dropped after the market opened on Monday, reaching a low of $45.17. Twitter shares closed at $51.48 on Jan. 8.
Twitter said it removed Trump’s account on Friday because some of his recent posts were glorifying violence. The company echoed critics who attempted to connect Trump’s rhetoric with the breach of the U.S. Capitol.
Trump responded by accusing Twitter of coordinating “with the Democrats and the Radical Left in removing my account from their platform, to silence me—and YOU, the 75,000,000 great patriots who voted for me.”
Twitter also banned prominent users including lawyer Sidney Powell and Trump’s former national security adviser Michael Flynn. Other users who weren’t banned left the platform, including radio hosts Mark Levin and Rush Limbaugh.
Among conservatives who are still on Twitter, some called for a shift to Parler, a Twitter alternative. Parler went offline Monday after Amazon Web Services refused to continue hosting its servers. Parler sued Amazon later Monday.
Gab, another Twitter competitor, has also seen skyrocketing growth.
I hope the shareholders can challenge Twitter management's and sue for breach of fiduciary duty!
Is Twitter buried in the various index mutual funds? If so, it will have a bottom not as bad as an individually sold stock.
I don't believe that.
He made a statement telling folks to be peaceful and go home.
That's glorifying violence.
Do these Fascists lie to their family also?
Yes they are in mutual funds, but you can look to see if your fund owns TWTR then make a different selection.
It’s expensive being in charge of all the censorship in the country!
You should see the montage of pasted clips that show what the media thinks he really said.
It’s hilarious.
My guess is most people won’t know that part of their investment is with Twitter, much like Microsoft, Apple, Google, ...
Loved your book. A little close to current events but very good!
It’s even worse than that. Their stated foremost reason for banning him was that he said he wouldn’t attend Biden’s inauguration. They say that can be interpreted as a message of violence. Not kidding they really are that ridiculous.
Are we allowed to say such hurtful things?
On a brighter note, a former CA resident had this to say today:
hope it goes lower but Biden will probably end up subsidizing it with tax payers then.
Really doesn’t matter as long as the revenue stream keeps flowing. Its just like network news. No ratings and still on the air!
Only a fool would keep this stock
I’d not be surprised by anything, they way I’ve seen them lie
about him for five years. It’s both hilarious and infuriating.
Some of their logic sounds like it comes from a 13 year old
girl. It’s just way overblown.
256 characters to 0 in an instant. That’s the dead bird for you.
The fact that Freepers are saying recently they just closed their Twitter accounts speaks to why Twitter won’t crash any time soon. Many conservatives don’t have the stomach for inconveniencing their lives to punish something on the left.
Headline is false. Buyers came in and TWTR finished the day down 6.1%, including afterhours action.
And just how do I see that? Got link?
Yes, Twitter joined the S&P 500 in 2018, so it’s a indeed a component of the biggest index funds. Of course, that may not provide as much a floor as you might think. I know this from experience. Such big wheels as Boeing, Exxon and G.E. have shown it’s possible to shed, 50, 60, 80 percent relatively quickly if things start going south for the company.
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