Twitter stock fell by as much as 12% on Monday after the social-media company permanently suspended President Trump’s account on Friday evening. The stocks dropped 6.4% at the close of trading
The decline resulted in the social media giant losing $5 billion in market capitalization, according to Market Insider.
Twitter stocks drop by as much as 12 percent Monday after permanently deleting Trump's account | Just The Newshttps://t.co/ThCi6cEutj
— John Solomon (@jsolomonReports) January 11, 2021
This is not the first time, Twitter has struggled.
In 2016, Twitter was losing customers, and its stock was falling.
On February 10, 2016, a CNN headline read:
Twitter Is Losing Customers And Its Stock Is Falling.
The social media company reported Wednesday that it lost 2 million users in the last three months of 2015. Shares plummeted as much as 12% in after-hours trading.
In an article on January 26, 2016, The Verge headline reads:
Is Twitter Doomed?