Twitter Shares Fell More than 8 % after Trump’s Account Was Blocked
OREANDA-NEWS. The cost of one share of the company Twitter fell to 47.36 US dollars. This follows from the data of trading on the New York Stock Exchange.
The company’s securities began to fall sharply on January 9, after the administration of the social network blocked the account of US President Donald Trump. Before that, the price of one share was 51.5 dollars. Thus, Twitter shares lost more than 8 % in value in two days. During the last day, they fell by about 6 %. The company’s current share price is the lowest since the beginning of November 2020.
Twitter announced the decision to permanently block Trump’s page, citing fear that the politician would incite citizens to violence. The leadership of the social network concluded that the statements of the American leader that he will not be present at the inauguration of the newly elected head of state Joe Biden can encourage people to repeat the criminal actions that took place in the Capitol in Washington on January 6.