Twitter stock plunges after banning President Trump

Article Link: https://nypost.com/2021/01/11/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.