Twitter’s permanent ban of Trump‘s account has already sent the company’s stock price plummeting.
Taiwan media New Head Shell reported that the social platform Twitter’s share price plunged 10% on the 11th, Market Insider reported that the reason was to permanently ban US President Donald Trump from using his account.
According to the report, there are 88 million users on Twitter tracking Trump. Twitter’s stock fell as much as 10 percent in pre-market trading this morning after the company announced on Friday night (8) that it had permanently banned Trump’s account.
Investors are concerned that banning Trump from using his account will erode Twitter’s profitability as a platform and prompt boycotts from those who believe the decision is politically calculated and deliberately stifles conservative voices.
Twitter’s ban on Trump’s account also raises questions about whether the platform is holding notorious dictators to the same standards. Fox News reports that Iran’s Supreme Leader Ayatollah Ali Khamenei, alleged anti-Semitic Muslim American leader Louis Farrakhan and the Communist Party’s big foreign propagandist are all still active on Twitter, and Venezuelan dictator Nicolas Maduro The Financial Times
The Financial Times also published an article questioning whether the tech giant had gone too far. .
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