Social media stocks plunged 8% after the company froze Trump's account on Saturday, January 9 due to the risk of вЂњincitement to violenceвЂќ.
Twitter shares fell more than 8% in preliminary US bidding on Monday after the blocking of the microblogging of incumbent US President Donald Trump. This is evidenced by the bidding data.
The company's securities at pre-trading decreased in price by 7.89% to $47.42. Prior to that, the drop had reached 8.3%.
The social network has blocked Donald Trump's account on an ongoing basis due to вЂњthe risk of further incitement to violence.вЂќ
According to US media reports, Trump on Monday, January 11, will issue a statement regarding the blocking of his accounts by social networks.
Note that Trump was banned by more than a dozen social networks and platforms. Following the January 6 Capitol riots, the American leader was accused of inciting violence.
Google also blocked a popular social network among Trump supporters. Parler will be вЂњfrozenвЂќ until the management of the social network listens to the recommendations of the corporation, specifies in Google.