Greg Foreman
@BlackConservativePerspective·987K subscribers·9.1K videos
Facebook FOLDS As Trumps Page Is REACTIVATED After Collectively LOSING $51 Billion With Twitter
Posted
January 16, 2021
Views
203,109
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15,269
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January 16, 2021
203,109
15,269
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9.23%
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Facebook and Twitter, the two largest social media platforms to permanently ban President Donald Trump for his role in last week's Capitol event, saw $51.2 billion in combined market value erased over the last two trading sessions.
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.
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