Twitter Shares Fall Following Trump Ban – IOTW Report

Twitter Shares Fall Following Trump Ban

Epoch Times: Twitter shares—since President Donald Trump’s permanent ban—slid even more on Monday before a slight rebound.

As of Monday at around 11:20 a.m. ET, the San Francisco-based company’s stock was trading at $44.96—dropping about 0.50 percent. Earlier in the day, shares were trading below $44.60. But by 3:30 p.m., Twitter’s shares were up to $45.81.

On Jan. 6, during the Joint Session of Congress, the company’s shares were trading at $53.26. At this point, Twitter is down at least 15 percent so far in 2021.

Last week, CNBC analyst Jim Cramer warned that Twitter’s stock could slide even further because of Trump’s ban.

“I think that there are a lot of people who literally knew that the president was the most important person” on Twitter, he said, adding that “you had to keep checking him, and then you had to check people who talked about him.” more

8 Comments on Twitter Shares Fall Following Trump Ban

  1. Don’t be stupid. This is all done on purpose so that investors can buy more Twitter stock at a lower price. It’s going to go back up! It’s a publicly traded stock that the investors want complete monopolistic control over. Artificially causing panic sales only helps the big Twitter investors. The panicky buyers will sell off their Twitter stock and the big investors will buy it up at a lower price. Come on, this is not rocket science.

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