Twitter shares plunge by 10 per cent following Trump ban

Published on January 12, 2021 by

Big tech companies are seeing the repercussions of silencing President Trump’s social media accounts after Twitter’s shares plunged by 10 per cent, a $3.2 billion dollar drop.

Facebook also saw a drop of 4 per cent while Google took a hit of 2 per cent.

The ban comes after the riots that broke out last Wednesday at Washington’s Capitol Hill where tech giants believe the president incited violence to his 88 million Twitter followers.

Twitter’s final decision to permanently ban the president came after he tweeted on Friday,

“The 75,000,000 great American Patriots who voted for me, AMERICA FIRST, and MAKE AMERICA GREAT AGAIN, will have a GIANT VOICE long into the future. They will not be disrespected or treated unfairly in any way, shape or form!!!”

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