President Trump mocked Twitter after the platform’s earnings report revealed that while Trump is fine without Twitter, Twitter is not fine without Trump. The stock plunged as investors learned that the company hasn’t been doing well since it banned the President following the January 6 Capitol incident.
Twitter’s stock plunged more than 15 percent on Friday — a major indicator that things are not well with the social media giant and a sign that investors are not happy with the company’s decisions.
“Twitter stock plunged as results are no longer cutting it for investors. Shares are off 15% today. Bad forecasts are hurting the outlook but more importantly, in my opinion, it has become totally BORING as people flock to leave the site,” Trump said in a statement regarding the plunge in Twitter stock.
The drop in Twitter stock price wiped out nearly all of the gains the company has made this year.
Back in January, Twitter banned the President for allegedly inciting a riot — but all he really did was urge people to calm down. So powerful, though, was the media frenzy that nearly every social network on the planet had banned the President within weeks of the Capitol “riot.” Conservatives in general were also banned at an alarming rate if they spoke in support of the President or in opposition to BLM/Antifa and Joe Biden.
Twitter is in danger of losing a lot of money from really bad decisions. And with Parler opened back up following its forced shutdown when Amazon yanked web hosting because the site supports Trump, conservatives have an amazing option for social media that allows them to continue to stay away from Twitter.