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Twitter, Facebook: $51 Billion Combined
Market Value Erased Since Trump Ban

Original Article

Posted By: earlybird, 1/14/2021 1:37:11 PM

Social media giants Facebook and Twitter have collectively seen $51.2 billion in combined market value wiped out over the last two trading sessions since they banned President Donald Trump from their platforms following the U.S. Capitol breach. Large tech firms and a number of Democratic political figures have claimed Trump incited violence at the U.S. Capitol last week. (Snip) Trump took to Twitter following the outbreak of violence to call on protesters to “go home in peace.” He denounced the violence as a “heinous attack” that “defiled the seat of American democracy” on Jan. 7. It is unclear who instigated the breach of the building.


It has now been reported that the rioters who disrupted the peaceful march on the 6th organized on Facebook.

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Reply 1 - Posted by: sunshinehorses 1/14/2021 1:40:24 PM (No. 660772)
I sincerely hope the stock keeps going down and down and down.
36 people like this.

Reply 2 - Posted by: bpl40 1/14/2021 1:44:17 PM (No. 660777)
It should go to $510 billion!
26 people like this.

Reply 3 - Posted by: JL80863 1/14/2021 1:45:35 PM (No. 660780)
Excellent news. Let's make it an even $100B.
34 people like this.

Reply 4 - Posted by: PlayItAgain 1/14/2021 1:47:34 PM (No. 660785)
This drop has absolutely no impact on any of the CEOs or executives. They are all so filthy stinking rich. Until stock holders finally demonstrate some spine and states divest themselves from these sanctimonious totalitarians their lives will remain unaffected.
21 people like this.

Reply 5 - Posted by: wilarrbie 1/14/2021 1:59:57 PM (No. 660795)
Interesting info, Poster. Would that be available yet for 'evidence' in POTUS defense against impeachment charges HE incited a riot among those who are NOT his supporters and were already hellbent and organized to do the 'thing' well BEFORE he spoke?
10 people like this.

Reply 6 - Posted by: Lawsy0 1/14/2021 2:12:59 PM (No. 660803)
Boo freekin' Hoo. Can they do a GoFundMe page? Should we order them some Crying Towels?
6 people like this.

Reply 7 - Posted by: rocket-j-squirrel 1/14/2021 2:17:09 PM (No. 660807)
Eddie Murphy said it best in Trading Places; " The best way to get back at a rich person is to turn him into a poor one."
21 people like this.

Reply 8 - Posted by: Annie Xango 1/14/2021 2:21:27 PM (No. 660815)
#7 one of my all time favorite movies.....Trading Places
8 people like this.

Reply 9 - Posted by: Starboard_side 1/14/2021 2:30:20 PM (No. 660822)
It would seem, based on the coordinated attack to implement the Big Tech plan against President Trump, and other conservative platforms on their sites, it was planned. I would think the SEC would want to investigate, particularly anyone who shorted those stocks due to the advanced knowledge. It also seems they made material changes without notifying the public, which has now affected many stockholders, pension funds, 401-k's, etc... Class-action lawsuits should be coming as a result. The best way people can affect many of those sites is to keep them, but don't comment, click or do hardly anything on FB or Twitter. They need to maintain the account (expense) but don't get the revenue, and it will start to affect their algorithms.
5 people like this.

Reply 10 - Posted by: anniebc 1/14/2021 2:31:32 PM (No. 660824)
Uppa, uppa, higher, higher, away. May they be broke by the tyrant's faux inauguration.
3 people like this.

Reply 11 - Posted by: reefdiver 1/14/2021 2:40:39 PM (No. 660837)
When you ban 75 to 80 million people, expect backlash.
15 people like this.

Reply 12 - Posted by: DVC 1/14/2021 3:16:39 PM (No. 660912)
Good. Let's hope they are wiped out.
8 people like this.

Reply 13 - Posted by: planetgeo 1/14/2021 3:44:34 PM (No. 660936)
Sounds like time for an investor lawsuit against their Board, Jack Dorsey, and executive management for abdication of fiduciary responsibility. Do it.
1 person likes this.

Reply 14 - Posted by: bad-hair 1/14/2021 4:05:04 PM (No. 660955)
Bad couple of days. Pretty soon Face Plant and the Twits will only have themselves and their board members left hanging on. Ooops I forgot to mention. Zuck started shorting his own stock yesterday.
2 people like this.

Reply 15 - Posted by: cor-vet 1/14/2021 5:14:24 PM (No. 661020)
I canceled Facebook a few years ago and closed my Twitter account a couple of days ago. Too many other choices out there, even if they kill 'Parlor' off.
2 people like this.

Reply 16 - Posted by: smokincol 1/14/2021 5:16:20 PM (No. 661021)
so that means these two thieves have ONLY 450 billion to their name. what must it be like to have such a vast amount of money to claim as your personal wealth.
1 person likes this.

Reply 17 - Posted by: judy 1/14/2021 5:31:39 PM (No. 661032)
Sorry for your loss......
0 people like this.

Reply 18 - Posted by: 3XALADY 1/14/2021 8:57:28 PM (No. 661193)
There is a movement to not open Facebook from 7 a.m. tomorrow until 7 a.m. on Saturday.
0 people like this.

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