Twitter stock plunges after banning President Trump
Twitter’s stock price tumbled Monday as investors appeared to balk at the social network’s decision to ban President Trump from posting. Shares in the San Francisco-based company tumbled as much as 12 percent to $45.17 in the first trading session after it booted Trump from the platform on Friday, saying his account posed a “risk of further incitement of violence” after his supporters stormed the US Capitol on Wednesday. The stock pared the losses through the morning and fell 6.4 percent to close at $48.18. Twitter’s move against the outgoing president — whose account had more than 88 million followers — was the first permanent suspension for a head of state, and it’s likely to spark furious debate about the role tech companies play in regulating speech.