Reports indicates micro-blogging site Twitter dropped as high as 11% shares before leveling it up at 7% at the Stock market yesterday after the site blocked US president Donald Trump.
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According to Head of Strategy at Brokerage TS Lombard Andrea Cicione, Trump has a very high loyal following and a lot of those eyeballs will go away if Trump is permanently restricted from posting.
Although most people rejoiced when they realized the site has blocked the president from the site, it appears the actions from the company has affected them financially as it appears most of Trump die-hard fans left with him.
Donald Trump was permanently suspended from Twitter on Friday for continually breaking the site’s terms of service and inciting violence.
He was also temporarily banned from Facebook and Instagram.
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