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.
Suggesting that people will buy the company because it can destroy political parties and restrict speech is like saying people will flock to buy an NFL team because it can fix football games.
I would suggest it’s the other way around. Users are going to walk away from it and it will lose its influence entirely.
Well, “let me be clear.” Thanks for asking.
Wrong. The rise of Twitter was deepstate driven. Trump did what he does best to use the enmies own resources against them.
So Twitter will sue Trump for his boycott of them.
From advertising revenue based upon page impressions. 75 Million at least are drying up and if the place becomes boring it will be even worse. In order to get impressions they need you to log in and read threads. Take a meh attitude and it costs them a bundle.
Moreover they are in no position to cut costs quickly. Their big expense is servers, power and air conditioning. Those are sunk costs or fixed costs.
You bet...
I plan to work more under the table. F’em.
Twitter is irrelevant - like an aging actor.. about as powerful as robert de nero or alec baldwin
What they spout means nothing but abuse.
“I hope the shareholders can challenge Twitter management’s and sue for breach of fiduciary duty! “
It would truly be a shame if some conservative young people were to unleash a slew of viruses in the direction of these big tech companies, truly a shame!
I saw it this morning on another fast moving forum.
I’ve been looking for it for hours but the place moves so fast that you can’t find something on the front page that you looked at 5 minutes ago, let alone 16 hours.
I will keep looking.
Sorry.
:(
“Who’s paying taxes to an illegitimate government?”
Not so easy, but yes. Starve them.
This is long term.
Index funds have very low expenses and are great while the market is going up - would expect that they would not do so well when things turn sideways or down.
How far did Amazon drop today?
Go for 100 percent. Kill that company.
Tge guy is worth multi billions. I so doubt he cares. Caring much less about this company’s choice is Trump. He does not need twitter. I imagine he anticipated this.
???? I also canceled my Amazon Prime account because my membership put money in their hands...when I canceled my twitter accounts it was for same reason - and if anyone on twitter becomes effective at “punishing something on the Left”, they get banned so swimming in that cesspool now only gets you covered in shit.
Not enough. Ho Min Dorsey needs to be destroyed.
At about a 15% drop, institutional investors start to minimize their exposure to the downside. This often creates additional downward trending.
I had forgotten I asked. Reread what I asked for and yeah, keep looking. I wanna see it!
Thanks for trying. :)
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