Twitter’s stock price fell as much as 12% on Monday following last week’s turbulent end for the social media giant following its decision to ban President Donald Trump’s personal account.
The company regained some of its losses by Monday afternoon, rallying from what was roughly a $5 billion loss at its lowest evaluation. Trump’s personal account had about 88 million followers.
Twitter banned the president Thursday of last week following a Wednesday riot where pro-Trump rioters broke into the Capitol building to disrupt the counting of electors and the certification of the 2020 presidential election for President-elect Joe Biden. Twitter justified its decision asserting that Trump’s personal account risked “further incitement of violence.”
“After close review of recent Tweets from the @realDonaldTrump account and the context around them — specifically how they are being received and interpreted on and off Twitter — we have permanently suspended the account due to the risk of further incitement of violence,” Twitter said in a