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Twitter Shares Drop by 12 Percent After Company Banned Trump
Epoch Times ^ | 11 Jan 2021 | ZACHARY STIEBER

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.


TOPICS: Business/Economy; News/Current Events
KEYWORDS: didyousearch; plunge; shares; stocks; twitter
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To: CJ Wolf

That didn’t register with me. Sorry...


21 posted on 01/11/2021 8:19:17 PM PST by DoughtyOne (Communists: "We're anti-Fascist! That's why we use and chapion fascist actions for our allies.")
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To: NautiNurse

Yeah, I got it.

Even posted a thread on it!

https://freerepublic.com/focus/f-news/3924218/posts


22 posted on 01/11/2021 8:20:24 PM PST by Alas Babylon! ("You, the American people, are my only special interest." --President Donald J. Trump)
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To: DoughtyOne

Numbers are just numbers unless they have money attached to them.


23 posted on 01/11/2021 8:20:31 PM PST by caww (Our God Reigns.....)
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To: Baladas

Who’s paying taxes to an illegitimate government?


24 posted on 01/11/2021 8:22:29 PM PST by doc maverick
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To: Alas Babylon!

Smart people are now buying twitter because the company is stronge enough that it can silence political parties and get competitors blocked.

The time to sell is the moment deep state decides to take out Twitter.


25 posted on 01/11/2021 8:23:42 PM PST by Bayard
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To: Alas Babylon!

Wonder how Twitter usage in the USA compares to worldwide usage.


26 posted on 01/11/2021 8:24:24 PM PST by randita
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To: CatOwner

Its strong enough to take out political parties and censor speech. It’s powerful enough to destroy the lively hood of its competition.

Smart people will buy its stock at discount.


27 posted on 01/11/2021 8:25:41 PM PST by Bayard
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To: Alas Babylon!

At first blush, I cheered too, but after looking at the 12 month chart for TWTR, their 52 week low was at 20.0. They closed at 48.18 today. I doubt they are feeling any pain yet in their stock prices.


28 posted on 01/11/2021 8:27:17 PM PST by Yo-Yo (is the /sarc tag really necessary?)
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To: Alas Babylon!

Would love to see it at 35% of what it’s recent high was.


29 posted on 01/11/2021 8:30:41 PM PST by DoughtyOne (Communists: "We're anti-Fascist! That's why we use and chapion fascist actions for our allies.")
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To: Alas Babylon!

At what point do shareholders have a voice in this. Twitter is in violation of what is in their best interest. Politics over profits.


30 posted on 01/11/2021 8:33:43 PM PST by wgmalabama (I will post less and thinking more from here on out. If this is Gods judgment, then so let it be. )
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To: Alas Babylon!

More needed much more.


31 posted on 01/11/2021 8:35:07 PM PST by Williams (Stop Tolerating The Intolerant)
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To: montag813
Shares of Twitter fell over 3% in late trading on Friday. Behold the precipitous drop.


32 posted on 01/11/2021 8:35:39 PM PST by NautiNurse (It took 20 years for FL to clean up voter fraud in Broward and Palm Beach Counties. But we did it. )
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To: Alas Babylon!

My space within 2 years.

Democrats will get bored if they can’t fight with righties.imo


33 posted on 01/11/2021 8:36:47 PM PST by Finalapproach29er (luke 6:38 )
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To: Alas Babylon!

12% ain’t enough. They’re still makibg a huge profit margin.


34 posted on 01/11/2021 8:37:10 PM PST by inchworm (al )
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To: Alas Babylon!

We can do better than that by 5X! I just remembered a couple of Twitter accounts I need to delete.


35 posted on 01/11/2021 8:43:30 PM PST by ALASKA (Trump will win resoundingly, but it's not going to be pretty. )
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To: Alas Babylon!

I guarantee a large portion of the next round of stimulus money will go to companies such as Twitter that towed the marxist line against Trump


36 posted on 01/11/2021 8:46:10 PM PST by Archie Bunker on steroids (You may not take an interest in politics, but politics takes an interest in you "Pericles" )
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To: DoughtyOne

Twitters text limit 256.


37 posted on 01/11/2021 8:49:33 PM PST by CJ Wolf (#wwg1wga #Godwins hat is scarier than offensive words? Not being able to say them.. )
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To: CJ Wolf

Thanks. I appreciate the context.


38 posted on 01/11/2021 8:52:33 PM PST by DoughtyOne (Communists: "We're anti-Fascist! That's why we use and chapion fascist actions for our allies.")
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To: Yo-Yo
Twitter was launched in late 2013 at almost $41/share. It has never paid a dividend. If it’s trading at even $50/share today it’s a putrid stock by any measure. Keep in mind that the stock market overall is at record highs these days.

I’ve done better in government bond investments than that dog vomit.

39 posted on 01/11/2021 8:57:34 PM PST by Alberta's Child ("There's somebody new and he sure ain't no rodeo man.")
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To: inchworm

“12% ain’t enough. They’re still makibg a huge profit margin.”

The owner is making a lot of dough but Twitter itself is not a very profitable venture.

Check out https://ycharts.com/financials/TWTR/income_statement/quarterly
and look for “Net Income”.

It’s all based on the guess that Twitter is going to keep growing by leaps and bounds. Well, guess what; if that expectation changes the stock price crashes and so will the company. And a rich limousine liberal won’t be anymore important to their bottom line than your average Trump supporter. They need growing numbers of users and that is now in peril.


40 posted on 01/11/2021 8:57:37 PM PST by jdsteel ("A Republic, Madam, if you can keep it." Sorry Ben, looks like we blew it.)
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