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  • Twitter and Facebook have seen $51 billion of combined market value wiped out since booting Trump from their platforms

    01/13/2021 3:32:39 PM PST · by marcusmaximus · 64 replies
    Business Insider ^ | 1/13/2021 | Ben Winck
    Facebook and Twitter, the two largest social media platforms to permanently ban President Donald Trump for his role in last week's Capitol riots, saw $51.2 billion in combined market value erased over the last two trading sessions. Companies across sectors have responded to the president's rhetoric in recent days by pausing political donations, making statements decrying his inflammatory remarks, and pulling products with links to right-wing movements. Facebook and Twitter possibly took the biggest retaliatory steps when they indefinitely banned Trump from their platforms on Thursday and Friday, respectively. Both companies cited the risk of additional violence for their bans,...