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Twitter Shares Drop by 12 Percent After Company Banned Trump

newmisty

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Twitter CEO Jack Dorsey testifies to Congress in Washington on Sept. 5, 2018. (Drew Angerer/Getty Images)MORE
SOCIAL MEDIA
Twitter Shares Drop by 12 Percent After Company Banned Trump
BY ZACHARY STIEBER
January 11, 2021 Updated: January 11, 2021

1701 Comments
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.”
Twitter also banned prominent users including lawyer Sidney Powell and Trump’s former national security adviser Michael Flynn. Other users who weren’t banned left the platform, including radio hosts Mark Levin and Rush Limbaugh.
Among conservatives who are still on Twitter, some called for a shift to Parler, a Twitter alternative. Parler went offline Monday after Amazon Web Services refused to continue hosting its servers. Parler sued Amazon later Monday.
Gab, another Twitter competitor, has also seen skyrocketing growth.

Follow Zachary on Twitter: @zackstieber

https://m.theepochtimes.com/twitter...dium=email&utm_campaign=breaking-2021-01-11-3
 

oldgaranddad

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Any normal company would have ousted their CEO on that one action alone.

Dorsey’s persecution of a segment of its customer base is bad business that even a fly by night business school would agree with.

Political organizations masquerading as businesses has to stop.

Then again, grab a safe spot and watch from a distance as they start to turn on their own in their own self feeding paranoia and delusions. The future never turns out well for the left. It’s just a shame they take so many people with them.
 

Aurumag

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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.
Seriously?

45 = POTUS

17 = Q
 

oldgaranddad

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Seriously?

45 = POTUS

17 = Q
We all the markets are manipulated. Why not make statement to the elite bankers? Probably forced a few to change their underwear
 

newmisty

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Good eye auru
 

Scorpio

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there are countless examples of what we see or hope for isn't reality,

remember nike? they went full woke, and on to all time highs in their stock price,
how about dicks?

weekly charts so you can see the longer term

many companies have taken the risk, and they have full coverage doing so by those with real dough,

3.png


1.png
 

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This broke through support today. At least it appears so...

Screen Shot 2021-01-15 at 11.30.28 PM.png
 

newmisty

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A photo shows the logo of the the American online social media and social networking service, Facebook, and Twitter on a computer screen in Lille, France, on Oct. 21, 2020. (Denis Charlet/AFP via Getty Images)MORE
MARKETS

Twitter Shares Keep Falling After Trump Ban
BY JACK PHILLIPS
January 19, 2021 Updated: January 19, 2021
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3085 Shares

1946 Comments
Twitter shares—since President Donald Trump’s permanent ban—slid even more on Monday before a slight rebound.
As of Monday at around 11:20 a.m. ET, the San Francisco-based company’s stock was trading at $44.96—dropping about 0.50 percent. Earlier in the day, shares were trading below $44.60. But by 3:30 p.m., Twitter’s shares were up to $45.81.
On Jan. 6, during the Joint Session of Congress, the company’s shares were trading at $53.26. At this point, Twitter is down at least 15 percent so far in 2021.
Last week, CNBC analyst Jim Cramer warned that Twitter’s stock could slide even further because of Trump’s ban.
“I think that there are a lot of people who literally knew that the president was the most important person” on Twitter, he said, adding that “you had to keep checking him, and then you had to check people who talked about him.”

“And you just had this endless wave, this web that the president created, and then it was like action and reaction, so I think that the surprise factor of going to Twitter, which was of course the president, is gone!” he wrote. Trump had more than 88 million followers and his tweets typically had the most engagement in terms of retweets, comments, or “likes.”
Twitter CEO Jack Dorsey testifies to Congress in Washington on Sept. 5, 2018. (Drew Angerer/Getty Images)
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And Investorplace noted that there are concerns of a “potential ripple effect of the company banning President Trump from its platform” that could lead to another drop in shares. The site noted that users will likely leave Twitter for other platforms out of fears of censorship.
Meanwhile, following Trump’s permanent account suspension, Twitter executive Vijaya Gadde was seen in a leaked video talking about what policies the social media platform will pursue next.

“Beyond de-amplification, we are going to—conspiracy theories—we are going to be permanently suspending those accounts,” Gadde said in a leaked video clip. Twitter confirmed to news outlets that it was authentic.
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“So a lot of our learning here has come from other markets. So in that sense, we do feel like it is—this is our global approach,” she said about the next wave of account suspensions. She added: “We need to be very focused on being able to enforce any of these policies or enforcement decisions we make at scale.”
Twitter explained that it banned Trump’s account in light of the U.S. Capitol breach. It claimed that Trump’s comments on the platform could incite violence, although Trump never called on his supporters to engage in violent acts.


https://m.theepochtimes.com/twitter...dium=email&utm_campaign=breaking-2021-01-19-2
 

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