Twitter, Facebook: $51 Billion Combined Market Value Erased Since Trump Ban

Social media giants Facebook and Twitter have collectively seen $51.2 billion in combined market value wiped out over the last two trading sessions since they banned President Donald Trump from their platforms following the U.S. Capitol breach.

I won't deny that this pleases me to no end, and I'm hoping google and others are next in line, but lets not deceive ourselves. Now that the left has carte' blanche under the new administration, they will likely reimburse these losses with our tax dollars.

“After careful review, and in light of concerns about the ongoing potential for violence, we removed new content uploaded to the Donald J. Trump channel and issued a strike for violating our policies for inciting violence,” a YouTube spokesperson said in a statement to The Epoch Times.

That's odd, I have viewed President Trump's video's on youtube, and have yet to find one that "incites violence", can someone find me one of these videos? Or maybe it's the following comment they don't like...

Big Tech is “doing a horrible thing to our country. … And I believe it’s going to be a catastrophic mistake for them,” Trump said.

Link

a reply to: Klassified

Well I deleted my Facebook account
and every deleted account loses Facebook money
and market share.

If I had a Twitter account I would have
deleted it too.

I refuse to use Google Chrome or Microsoft Edge
even though they are on my computer

If you don't agree with the "Great Purge"

there is an answer.

Delete your accounts
don't use their products.

It is American as apple pie to not do business
with those you feel are harmful to the nation
or who openly hate and despise you.

Just as I have blocked CNN and MSNBC on my TV's at home
so no one can watch them.

If someone turns on NBC, ABC, CBS US/World news or God forbid
The View
I make them change the channel immediately.
I will watch those channels for local news however
and my favorite shows - unless- those shows start
being political then I quit watching them forever.
Same with the Hollywood/Music crowd, make a rude,
mean, disparaging political remark, I never
watch or listen to their programs/movies/music again.
It is simple, and it is something I can do that is
not only legal, but morally responsible and non-violent.

If a business holds me in contempt
or my values in contempt
or my morals in contempt
I do the best thing I can do
don't patronize them
and don't allow my family to patronize them.

I guess that'll be blamed on Trump too?

Seriously, it's time to remove their monopoly. Time for them to land on my Baltic Ave with 4 hotels.

a reply to: Klassified

You get what you deserve.

a reply to: Klassified

You really need to check your source.....

These companies did not lose that much money, this is just how stocks swing.

Twitter has dropped by $8(about 15%) a share, Facebook about $20 a share(less than 10%).

These swings are within an expected range and this is a temporary downswing. One has to be quite ignorant to think this down swing is permanent.

a reply to: Klassified

I've been watching it go down all week. We'll have to wait and see if the trend continues.

ETA: Hope it does.


Link

originally posted by: jrod
a reply to: Klassified

You really need to check your source.....

This can be easily disproven by comparing last week's stock market value to today's price for the 2 firms.

Twitter has dropped by $8(about 15%) a share, Facebook about $20 a share(less than 10%).

These swings are within an expected range and this is a temporary downswing. Ine has to be quite ignorant to think this down swing is permanent.

Look at this lol.

It is totally normal for a company to lose 15% of it’s value in a couple of days, it was 100% normal trading and had nothing to do with their recent actions.

In other news chocolate rations have been increased from 30 to 25 grams per week. Plusgood.

If i was a major investor (which i’m not since i’m not a parasite) and a CEO lost 15% of the company value in 2 days i’d want them gone. Failing that i’d sell now before the incompetent moron loses even more of my money.

originally posted by: jrod
a reply to: Klassified

You really need to check your source.....

These companies did not lose that much money, this is just how stocks swing.

Twitter has dropped by $8(about 15%) a share, Facebook about $20 a share(less than 10%).

These swings are within an expected range and this is a temporary downswing. One has to be quite ignorant to think this down swing is permanent.

One has to be ignorant to think there would be no repercussions...

Both companies cited the risk of additional violence for their bans, but investors largely balked at the action. Facebook tumbled 4% on Monday and another 2.2% on Tuesday as shareholders dumped the stock, likely fearing the ban could drive users off the platform. By the time markets closed on Tuesday, Facebook's market cap sat $47.6 billion below its Friday level.

Markets Insider

This is an obvious reaction by investors.
15% is a huge change that usually only happens when investors get nervous.

originally posted by: jrod
a reply to: Klassified

You really need to check your source.....

These companies did not lose that much money, this is just how stocks swing.

Twitter has dropped by $8(about 15%) a share, Facebook about $20 a share(less than 10%).

These swings are within an expected range and this is a temporary downswing. One has to be quite ignorant to think this down swing is permanent.

Quite the crystal ball you have there Rod.
What stocks should I purchase now?
Perhaps Chinese ones?

a reply to: Klassified

Don't forget Amazon. Jeff Bezos is neck deep in this sedition and treason against the people.

1776

They’ll be using Twitter stock as toilet paper soon.

a reply to: Klassified
Of additional interest to the topic...
Twitter CEO Jack Dorsey warns of 'destructive' consequences from Trump social media bans

"I do not celebrate or feel pride in our having to ban @realDonaldTrump from Twitter, or how we got here," Dorsey tweeted in a 13-post thread. "After a clear warning we’d take this action, we made a decision with the best information we had based on threats to physical safety both on and off Twitter. Was this correct?"

A bit hypocritical, don't you think Jack? Enjoy your losses.

I think a lot of this fall isn't so much down to Trump being removed from those platforms so much as it is about investors fears that lots of regulation is coming to Big-Tech and removing Trump was just the start. Don't get me wrong, I am sure that they have seen a fall in membership but I don't think that fall is enough to crash their stock price like this and it's more to do with the fear that regulation is coming there way and possibly even having their monopoly broken up a bit.

originally posted by: CharlesT
a reply to: Klassified

Don't forget Amazon. Jeff Bezos is neck deep in this sedition and treason against the people.

1776

Yes, Jeff is another one that needs to feel the heat.

originally posted by: Bluntone22
This is an obvious reaction by investors.
15% is a huge change that usually only happens when investors get nervous.

Particularly in an up market.

originally posted by: OtherSideOfTheCoin
I think a lot of this fall isn't so much down to Trump being removed from those platforms so much as it is about investors fears that lots of regulation is coming to Big-Tech and removing Trump was just the start. Don't get me wrong, I am sure that they have seen a fall in membership but I don't think that fall is enough to crash their stock price like this and it's more to do with the fear that regulation is coming there way and possibly even having their monopoly broken up a bit.

It says as much in the article. It's not a good idea to make investors nervous.

Jack Dorsey apparently dumped his stock in November.

Insider trading? Knew he was going to destroy his own company’s stock price?

Seems suspicious to me. SEC should investigate methinks.

a reply to: Klassified


ohhh thats beautiful.

And to think I JUST made a FB account.
Its a stupid requirement for the Oculus VR

a reply to: Macenroe82

Didn't you think it odd that when purchasing something to play video games required a Facebook account?

That right there would have been the deal breaker for me.