Twitter shares fall 12% since the Trump ban

Twitter shares fall 12% since the Trump ban

After the events in the U.S, Twitter’s ban decision on Trump’s account led its shares to fall %12 this week. This is a consequence of their decision to ban the President, because they believe that the platform could become a tool to create more problems, similar to those that occurred on January 6 at the Capitol in Washington City.

Organizations and well-known people demanded that social networks, should control the content that the U.S. president shared through his accounts. Because they said Trump was sharing false news and misinformation. On Friday a wave of blockades and suspensions of his accounts from Twitter, Facebook, Instagram, to Snapchat were announced.

Twitter shares fall 12% since Trump ban

Trump, who has two weeks left as president, then took over the @Potus account, which is used by U.S. presidents, but which he refused to use during his term, to say that: “As I have been saying for a long time, Twitter has gone further and further in banning free speech, and tonight, the company’s employees have coordinated with the Democrats and the Radical Left in removing my account from their platform, to silence me,” the posts disappeared a few minutes later.

Twitter shares fall 12% since the Trump ban
These are Donald Trump’s deleted tweets.

These events led Twitter shares to fall 12% since the ban. Social networks are currently in the dilemma of blocking users. Especially those with power, for a violent and hateful speech on their platforms, without affecting freedom of expression.