Twitter Stock Experiences Massive Drop After Platform Permanently Suspended Trump

After Twitter decided to take unprecedented action and permanently suspend President Trump from their platform, the social media giant’s stock price dropped 12.3% to a daily low of $45.17 per share. The stock eventually closed down 6.41% at $48.18 on Monday.

When Twitter permanently suspended Trump on Friday, Twitter’s stock price per share peaked at $52.52, meaning that the price has dropped more than $7 on Monday.

Twitter stock plunges after banning President Trump https://t.co/jXqdynHptH pic.twitter.com/QhSViR0ZnB

— New York Post (@nypost) January 11, 2021

Twitter may be in more trouble as the move to suspend Trump has brought back conversations to repeal Section 230 which protects big tech from liability for platform users’ posts.

Shares of Twitter fell Monday after the company announced late Friday that it had permanently banned President Trump from the platform https://t.co/ctwMFqDYMA

— CNN (@CNN) January 11, 2021

The majority of social platforms, including Facebook, that have permanently suspended Trump from their site have also experienced a drop in share prices.

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