Twitter, Facebook Lose $51 Billion in Value After Booting Trump Read Newsmax: Twitter, Facebook Lose $51 Billion in Value After Booting Trump

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CS1

Well-known member
May 23, 2012
6,084
1,662
113
#1
After banning President Donald Trump from their social media platforms, Facebook and Twitter have seen their combined market value plummet by $51.2 billion over the last two trading sessions. The news was first reported by Business Insider.

Following the Capitol upheaval last week, Facebook and Twitter indefinitely banned Trump’s accounts, claiming there was risk of additional violence. Their decision prompted a major tech sell-off.



Read Newsmax: Twitter, Facebook Lose $51 Billion in Value After Booting Trump | Newsmax.com
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DWR

Active member
Apr 27, 2020
408
227
43
#2
Could not happen to a finer group of people.
 

Lisamn

Active member
Dec 29, 2020
709
180
43
#4
Does it mean that they are gonna need bailouts?
 

Desdichado

Senior Member
Feb 9, 2014
8,289
577
113
#5
@Lisamn is right. Silicon Valley is tied to the government trough. Cook and Zuckerberg dread a few dirty looks at a cocktail party more than they do a momentary hemorrhage of profit or stock value.

That kind of speech they understand.
Does it mean that they are gonna need bailouts?
 

SophieT

Well-known member
Dec 9, 2020
889
529
93
#7
@Lisamn is right. Silicon Valley is tied to the government trough. Cook and Zuckerberg dread a few dirty looks at a cocktail party more than they do a momentary hemorrhage of profit or stock value.
Oh for sure. All the bodies will eventually float to the surface. Eventually.