Twitter’s share price fell nearly 10% yesterday, following Twitter’s decision to permanently block the account of US President Donald Trump.
Twitter said that this decision was based on the inciting activities of the still incumbent US president regarding his successor. We will remind, last week, a group of protesters supporting Trump, among whom were armed people, vandalized and broke into the US Capitol. Trump now claims that there were no supporters among the protesters.
Immediately after the lockdown, last Friday, the shares fell 3.7%, and on Monday they were down 10%. Investors are concerned that blocking Trump’s account will lead to a boycott and diminish user interest in the platform.
As we reported today, following the blocking of Trump on Twitter and the introduction of new WhatsApp rules, the Telegram messenger soared to the second place in terms of downloads in the United States.
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