TELL ME WHO RASPUTIN IS IN THESE PICTURES
Posted on 01/11/2021 7:20:09 AM PST by SeekAndFind
Twitter’s stock price tumbled early Monday as investors appeared to balk at the social network’s decision to ban President Trump from posting.
Shares in the San Francisco-based company tumbled 7.5 percent to $47.60 as of 8:07 a.m. in the first premarket trading session after it booted Trump from the platform on Friday, saying his account posed a “risk of further incitement of violence” after his supporters stormed the US Capitol on Wednesday.
Twitter’s move against the outgoing president — whose account had more than 88 million followers — was the first permanent suspension for a head of state, and it’s likely to spark furious debate about the role tech companies play in regulating speech.
It may also hurt Twitter’s user base as Trump supporters and right-wing activists pledge to boycott the company’s blockbuster decision.
“Trump has a very high and loyal following and a lot of those eyeballs will go away if Trump is permanently restricted from posting,” Andrea Cicione, head of strategy at TS Lombard, told Reuters.
In a statement explaining its decision, Twitter said there were plans in the works on Twitter and elsewhere for more armed protests, “including a proposed secondary attack on the US Capitol and state capitol buildings on January 17, 2021.”
The use of social media to organize such violent uprisings could lead Twitter and other firms to ramp up their content moderation efforts — which could come with increased costs.
“Incremental moderation may be welcome but it’s not cheap and could benefit Facebook that already [employs] a moderation army [around six times] larger than Twitter’s workforce,” Bernstein analysts wrote in a research note.
(Excerpt) Read more at nypost.com ...
Rasputin has really creepy eyes. :^0
TWTRTWITTER INC COM
$47.65-3.83 (-7.44%)
Twitter only down 7.44% as I write.
The Plunge Protection Team will stop any major drop today.
But, in the long run Twitter will become ‘so yesterday’.
Dorsey’s a fucking moron. His shareholders should sue.
but it has not yet gone below its rising bottoms line. That is what I want to see.
It was at 47.23 on Dec. 9. If the decline continues, good. Otherwise, it’s hard to say if it’s just temporary and meaningless to Twitter in the long run.
That’s a good start. Only 92.5 percent to go.
We are raindrops in a tsunami wave.
Jan 20th is Dump Day.
Dump Goebbels Tech/Media.
What a lot of people don’t realize....from 2013 to mid-2018...it made no profit. Spring 2018, they announced the first profitable year (based mostly on continued consumer attention). If they purged 10-percent of their US base, and another 20-percent just plain left, the profit side would be marginal.
I hate to say it....but they need Trump-excitement to exist. In a Biden period, with censorship and purges? They’d stall and fail on their primary purpose to exist. Given GAB will survive, and I suspect two or three alternates will pop-up...off-shore....there’s trouble ahead for Twitter profits.
“Twitter’s stock price tumbled early Monday...”
Why should Dorsey care, he made his money.
You should be telling your church to get off facebook. This war includes a fight for freedom of religion.
Its not nothing. It is a good start.
Be raindrops in a tsunami wave.
How long does the backup power for a cloud server farm last? How affordable for their services if grid power repeatedly interrupted? Must be a substantial fiber connection. Be a shame...
Parler CEO said yesterday that ALL of their vendors, not just Amazon, bailed on them.
They took out Parler because they want to take us out!
Dump them all.
Be raindrops in a tsunami wave.
Twitter was already a sh!t stock to own before this thing started. Go back and see how badly it has performed since its IPO back around 2014.
Had to look up Nelson Muntz.
Remember the meeting of social media execs and bammy? What did they talk about? Whether the “Like” button should be in green or in blue? No. They discussed how the media would work to favor the left and suppress thoughts that don’t conform to NewSpeak.
Anyone who thinks social media are just there to make money, I have a bridge to sell you. They exist to promote leftist causes.
Dorsey is irrelevant. Dorsey is Quisling.
I think he looks like a member of the Taliban, myself.
I cancelled my twitter account. Admittedly I rarely used it anyway, thing I made a grand total of 5 tweets in the last 10 years. But still, one less account.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.