Stock Market
Twitter Shares Plunge By Over 8 Percent After Trump’s Permanent Suspension
Twitter Shares Plunge By Over 8 Percent After Trump’s Permanent Suspension
The price of Twitter shares plunged by 8.12 percent on Monday following President Trump’s permanent suspension.
The world’s leading social media giant permanently suspended the outgoing president on Friday after he incited mob action against the joint Senate session last week.
On Friday, Twitter said, “After a close review of recent Tweets from the @realDonaldTrump account and the context around them we have permanently suspended the account due to the risk of further incitement of violence.”
However, Trump, who won 74,222,958 votes, or 46.8 percent of the total votes cast, enjoys the support of his followers who have started letting go their Twitter shares in response to the company’s decision to sabotage Trump’s communication with his over 88 million followers on the bird app.
Twitter share is presently trading at $51.48 per share.
Despite Facebook also suspending Trump account on similar ground, his fans, who seem to tolerate Mark Zuckerberg especially after refusing to delete several of his shocking tweets in the past, seems okay with Facebook and Instagram actions.