Twitter’s Stock Falls After Suspending Trump
TWITTER'S STOCK FELL NEARLY 10 PERCENT EARLY MONDAY AFTER THE COMPANY SUSPENDED PRES. TRUMP'S ACCOUNT LATE FRIDAY
(CNN) – Shares of Twitter fell Monday after it announced late Friday it had permanently banned president Trump from the platform.
Shares fell nearly 10% early Monday before regaining some ground and trading down 6% by midday.
Meanwhile, a handful of protesters gathered outside twitter’s headquarters in San Francisco on Monday.
Twitter joins a growing list of companies distancing themselves from Trump after the U.S. Capitol building was breached last week by Trump-supporters.
Even after Monday’s drop, Twitter shares are still up about 45% over the past year.