Twitter’s Stock Price Tumbles After Permanently Banning Trump


Shares in the social media company tumbled as much as 12 percent to $45.17 in the first trading session yesterday.

Business Insider reports:

“Twitter stock fell as much as 12% on Monday after the social-media company permanently suspended President Donald Trump's account on Friday evening. The share-price decline wiped $5 billion from Twitter's market capitalization…
Twitter stock likely fell because investors are worried the Trump ban will erode interest in the platform and lead to boycotts among those who see the decision as politically motivated and a way to silence a major conservative voice.”

CNBC's Jim Cramer says that Twitter "never talked about the power of Donald Trump in bringing in people. I'm telling you the real Donald Trump was a great salesperson for twitter."