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Twitter shares have dropped a drastic amount since Twitter banned the United States President, Donald J. Trump, on Monday.
On January 6 protestors stormed the Capitol in Washington, D.C. causing the Electoral College Certification for Candidate Joe Biden to be halted. Trump tweeted a video telling the protestors to go home but big tech actively removed it, censoring the video.
The company dropped by 12 percent. When the market opened on Monday, the company reached a low of $45.17. The shares were at a price of $51.48 on January 8.
Share drops reflected the number of accounts Twitter banned or suspended who supposedly were part of conservative movements as the company states it was and is a threat to Democracy.
Trump’s recent posts were the reason for removal where the company said he was acting on encouraging violence. Anyone who connected themselves to the Trump bandwagon also was taken down.
In response to the ban, Trump accessed the Government @POTUS account to tweet out a statement: “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 later removed the tweets but did not suspend the account.
Trump is looking at working with competitors to create a new social network.