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Twitter Shares Drop by 12 Percent After
Company Banned Trump

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Posted By: earlybird, 1/11/2021 3:37:39 PM

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.”

Comments:

Okaaaay…..

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Reply 1 - Posted by: Californian 1/11/2021 3:55:05 PM (No. 657104)
Currently down 6.41% which is roughly $2-$3 billion. If I was on the board at Twitter I'd be yelling at Jack right now. And since social media companies are valued based on growth and Twitter has no other new services online or known to be launching soon that will bring in new users and activity their stock will only go lower. February 4th they report earnings. That meeting with investors and financial press is going to be a hoot!
19 people like this.

Reply 2 - Posted by: aasilver 1/11/2021 3:56:13 PM (No. 657106)
Add the followers of POTUS, Rush and Mark Levin to all the others that they banned and it is a wonder they aren't broke. As many have said, actions have consequences.
12 people like this.

Reply 3 - Posted by: jimincalif 1/11/2021 3:58:58 PM (No. 657108)
Class action shareholder lawsuit?
15 people like this.

Reply 4 - Posted by: PlayItAgain 1/11/2021 4:05:16 PM (No. 657115)
I pray this trend continues.
23 people like this.

Reply 5 - Posted by: Californian 1/11/2021 4:07:56 PM (No. 657118)
Sorry for second post. Market just closed and I did some better math. Twitter down roughly $2.6 billion since banning Trump (and others leaving or being banned). That's a mighty expensive decision for ten days of trying to silence him. I look forward to further declines after the investor meeting on February 4th.
16 people like this.

Reply 6 - Posted by: leonardo 1/11/2021 4:11:26 PM (No. 657124)
Their blatant and intentional DISRESPECT for a sitting president is a slap in the face to his MILLIONS of followers. The "Birdbrains" will not lose the "screaming-mee-mee" moron contingent (who LIVE on these Big Tech websites), but many others already realize that if the president can garner such marginalization for speaking freely (with LAWFUL opinions contrary to the clowns running this Big Tech TYRANNY), then ANYONE can be the next victim of the ideological Gestapo. Jettison ANY entity with anti-constitutional behavior so as to censor free speech ... such entities are un-American. Tell them so.
23 people like this.

Reply 7 - Posted by: planetgeo 1/11/2021 4:16:22 PM (No. 657127)
Don't forget to also dump Amazon. When you do, don't just "cancel" your Prime membership on the website. All that does is shut off the automatic renewal for NEXT year. Make sure you call them (it's the link for More Help on the Contact Us link) and ask for a prorated refund of this year's subscription. A few million of such requests will pop up quickly on the executive team's dashboards. Surprise, Jeffy!
14 people like this.

Reply 8 - Posted by: Nimby 1/11/2021 4:17:19 PM (No. 657129)
Bankrupt Jackowacko
11 people like this.

Reply 9 - Posted by: john56 1/11/2021 4:19:21 PM (No. 657133)
Not only are they losing bodies, but they are probably losing the users that were profitable for advertisers and others using Twitter to build their business. I never did see what the value of Twitter was in the first place. The titans ot today's tech industry need only look to the "titans" of the past tech industry for their fate. Remember Netscape, Commodore, AOL, and all those folks that were gonna rule the world. And we're only talking 15-30 years back.
10 people like this.

Reply 10 - Posted by: planetgeo 1/11/2021 4:20:47 PM (No. 657134)
Die, Twitter, die...
15 people like this.

Reply 11 - Posted by: LtE126 1/11/2021 4:21:56 PM (No. 657136)
so 82% to go
12 people like this.

Reply 12 - Posted by: JackBurton 1/11/2021 4:25:56 PM (No. 657140)
Nice start.
14 people like this.

Reply 13 - Posted by: Starboard_side 1/11/2021 4:41:26 PM (No. 657174)
I would expect many class-action lawsuits from investors, pension funds, etc... as they've now all been affected by these decisions on censorship. While many see them as private companies, they really aren't since they are public entities who have to file regulatory updates, notices and such. They did not warn the public, who own stock that they were going to unilaterally take such action that affected their retirement accounts, pension funds, and individual stock purchases. Same with all of the other publicly traded companies. BTW, they all use, and access, public right of ways, most likely using public roads if they installed fiber optics in the ground. They would hardly seem private, and look to now have shown they are using editorial means like a publisher.
7 people like this.

Reply 14 - Posted by: nina584 1/11/2021 4:49:27 PM (No. 657183)
Keep canceling accounts. That is something that is tracked very closely by analysts
12 people like this.

Reply 15 - Posted by: qr4j 1/11/2021 5:03:46 PM (No. 657201)
Let's hope the Twits at Twitter face the same type of backlash that the NFL has faced. Let Twitter rot in hell.
9 people like this.

Reply 16 - Posted by: paral04 1/11/2021 5:14:38 PM (No. 657216)
They need to hit bottom the dirt bags
7 people like this.

Reply 17 - Posted by: rememberwhen 1/11/2021 5:24:33 PM (No. 657227)
Too bad it wasn't 100%.
8 people like this.

Reply 18 - Posted by: DW626 1/11/2021 5:30:57 PM (No. 657234)
That’s not enough.
6 people like this.

Reply 19 - Posted by: Lawsy0 1/11/2021 6:33:07 PM (No. 657293)
I don't ''do'' stock market trends but it would be interesting to know how much Twitter's bottom line increased as soon as DJT started using them (@2008 or so). I can't remember the year Limbaugh opened a Twitter site, but it was around the time of Operation Chaos.
2 people like this.

Reply 20 - Posted by: Grounded 1/11/2021 8:07:05 PM (No. 657375)
I don't have a presence on Twitter or on Facebook. I kind of feel left out of the party as I can't cancel anything. This platform is about as close as I get to a social media footprint. Of course some L.com pearl clutching monitors have been known to censor content as well if certain standards of decorum aren't met.
0 people like this.

Reply 21 - Posted by: Anti_democRAT 1/12/2021 2:13:21 AM (No. 657591)
TDS is costly.
2 people like this.

Reply 22 - Posted by: Surroundedbyblue 1/12/2021 9:55:42 PM (No. 658661)
They are going to continue to drop, although it’s likely they’ll somehow be rewarded for their complicity. The polarization is close to complete... it’s now simply who is paying the most to Dominion is who wins. Voters are no longer needed, as Creepy Joe said. Dementia patient speaking the truth.
2 people like this.

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