Twitter, Facebook Lose $51 Billion in Value After Booting Trump
13th January 2021
After banning President Donald Trump from their social media platforms, Facebook and Twitter have seen their combined market value plummet by $51.2 billion over the last two trading sessions. The news was first reported by Business Insider.
Following the Capitol upheaval last week, Facebook and Twitter indefinitely banned Trump’s accounts, claiming there was risk of additional violence. Their decision prompted a major tech sell-off.