California's Twitter shed 4% in after-hour trading after Trump account suspension

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California's Twitter shed 4% in after-hour trading after Trump account suspension

Shares’ prices of San Francisco, California-headquartered microblogging and social networking platform, Twitter Inc., shrugged off as much as 4 per cent in post-market trading on Friday after the 14-year-old, one of the world’s largest internet services provider, had permanently suspended the departing US president Donald Trump’s Twitter account citing risks of further provocation of violence.

In tandem, after wrapping up the day down by 1.61 per cent to $51.48, shares’ prices of Twitter Inc. had faltered as much as 3.77 per cent to $49.54 on Friday’s post-market trading followed by its latest move to permanently suspend the US President Donald Trump’s account, as the President faces off a potential ousting after US House Speaker Nancy Pelosi had called on an immediate termination of President Trump’s term by invoking the 25th amendment later last week.

Twitter permanently bans President Trump’s account, shares slide 4%

In point of fact, latest move from Twitter Inc. came against the backdrop of a temporary suspension of Trump’s Twitter account on Wednesday which had more than 88 million followers given a whopping 750 million ballots stamped in favour of President Trump on a fiercely contested November 3 US Presidential election, however the Twitter Inc.

move followed a slanderous siege on US Congress later last week by the pro-Trump protestors. Besides, during its temporary account ban, Twitter had also warned that further company policy violations in President Trump’s Twitter account would result in a permanent suspension of account.

Meanwhile, as a suspension of Mr. Trump’s Twitter account would permanently silence his direct hegemony on nearly 88 million Republican followers in a deeply divided United States with less than two weeks remaining on his terms, Twitter Inc.

said in a tweet followed by its first move ever to ban a head of a state later last week, “After close review of recent Tweets from the @realDonaldTrump account and the context around them we have permanently suspended the account due to the risk of further incitement of violence”.

Ironically, there had been months of debates in the US Congress under a Trump Administration over the past four years on how social media companies could be regulated to deter their controls over major political events.