Twitter Shares Drop After @realDonaldTrump Account Ban

"Twitter" (CC BY-SA 2.0) by clasesdeperiodismo

Last week, Twitter took it upon themselves to issue a lifelong ban against President Donald Trump using their platform. The site also permanently took down the Trump campaign account with the handle of @TeamTrump.

“Donald Trump” (CC BY-SA 2.0) by Gage Skidmore

Many Americans aren’t very happy about Twitter’s decision to spend the president. While Twitter argued that Trump’s online posts pose too great a risk of more violence from his supporters, conservatives aren’t buying it. Many right-wing Americans view the permanent ban of Trump’s Twitter account as an assault on free speech and abuse from monopolistic big tech companies.
In light of Twitter’s decision to ban @realDonaldTrump, their stock market shares have fallen significantly, Newsmax confirms.

The Fated Fall of Twitter’s Shares

After Twitter’s ban of Trump, their shares suffered a 7% decline. Many of the 45th president’s loyal supporters also distanced themselves from Twitter and urged others to do the same, following the suspension. Conservatives with Twitter shares were also urged to do away with them, as a means of protesting Trump’s permanent suspension.
Following the 45th president’s removal from Twitter, many conservatives reported mass drops in followers. Conservative personalities and public figures also reported that their accounts too faced suspensions or bans altogether. Therefore, many Republicans began to criticize Twitter and big tech for “purging” right-wingers altogether.

The Fight Against Big Tech

Mass bans of conservative accounts on mainstream social platforms only create the demand for alternative options. This explains the rising popularity of sites like Gab, MeWe, Parler, etc. It also explains why many conservatives are embracing DuckDuckGo as an alternative to Google.
The fight against big tech extends far beyond Twitter. Right now, Parler is currently offline, seeing as Amazon yanked its web hosting services from the free speech site. However, before Parler went down, co-owner Dan Bongino warned that any service disruptions would be temporary.
CEO of Parler John Matze also explained that the company prepared for a big tech blacklist and may be offline for up to seven days as they rebuild. Trump’s suspension from Twitter last week actually temporarily crashed Parler’s servers, due to the massive amount of people attempting to make new accounts.
Although Parler is still working on getting back up again, remains active. The Parler Store sells men’s apparel, women’s apparel, and accessories. Some Parler fans are urging people to shop the free speech site’s online store as a means of showing support.
Are you shocked to learn that Twitter’s shares suffered after the suspension of President Trump’s account? Let us know in the comment section below.