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.
That didn’t register with me. Sorry...
Numbers are just numbers unless they have money attached to them.
Who’s paying taxes to an illegitimate government?
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.
Wonder how Twitter usage in the USA compares to worldwide usage.
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.
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.
Would love to see it at 35% of what it’s recent high was.
At what point do shareholders have a voice in this. Twitter is in violation of what is in their best interest. Politics over profits.
More needed much more.
My space within 2 years.
Democrats will get bored if they can’t fight with righties.imo
12% ain’t enough. They’re still makibg a huge profit margin.
We can do better than that by 5X! I just remembered a couple of Twitter accounts I need to delete.
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
Twitters text limit 256.
Thanks. I appreciate the context.
I’ve done better in government bond investments than that dog vomit.
“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.
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