Twitter, Facebook Hemorrhage $51,200,000,000 Combined In Market Value After Trump Ban


PA Pundits - International

By Joseph Vazquez ~

There’s a high price to pay for banning President Donald Trump from social media platforms, and both Twitter and Facebook are feeling the massive bite out of their wallets for doing just that.

Both Twitter and Facebook “have collectively seen $51.2 billion erased from their market caps over the last two trading sessions as investors balk at their banning of President Trump,” according to Markets Insider. Facebook took the lion’s share of the losses, bleeding through a whopping “$47.6 billion following CEO Mark Zuckerberg’s announcement that Trump would remain suspended from the social media platform ‘indefinitely,’ until at least after President-elect Joe Biden’s inauguration,” Just the News reported. Both platforms did this following the Capitol Hill riot Jan. 6.

Both of these companies should learn that being woke doesn’t pay dividends. As Just the News noted, “investors balked at the tech giants’ surprise censorship of…

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Published by technofiend1

Kazan- Kazan National Research Technical University Казанский национальный исследовательский технический университет имени А. Н. Туполева he graduated in Economics in 1982

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