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01-14-2021, 12:47 PM
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#1
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Valued Poster
Join Date: Oct 31, 2019
Location: Miami, Fl
Posts: 5,667
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Twitter and FB lose 51 billion market value
https://markets.businessinsider.com/...1-1-1029965338
Twitter and Facebook have seen $51 billion of combined market value wiped out since booting Trump from their platforms
Facebook and Twitter, the two largest social media platforms to permanently ban President Donald Trump for his role in last week's Capitol riots, saw $51.2 billion in combined market value erased over the last two trading sessions.
Companies across sectors have responded to the president's rhetoric in recent days by pausing political donations, making statements decrying his inflammatory remarks, and pulling products with links to right-wing movements. Facebook and Twitter possibly took the biggest retaliatory steps when they indefinitely banned Trump from their platforms on Thursday and Friday, respectively.
Both companies cited the risk of additional violence for their bans, but investors largely balked at the action. Facebook tumbled 4% on Monday and another 2.2% on Tuesday as shareholders dumped the stock, likely fearing the ban could drive users off the platform. By the time markets closed on Tuesday, Facebook's market cap sat $47.6 billion below its Friday level.
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Quote
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01-14-2021, 02:55 PM
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#2
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Lifetime Premium Access
Join Date: Nov 16, 2013
Location: Baton Rouge
Posts: 6,533
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Drops in the bucket in the big scheme of things. They won’t care and they will be worth more by the end of next week.
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Quote
| 3 users liked this post |
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01-14-2021, 03:33 PM
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#3
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BANNED
Join Date: Jan 3, 2010
Location: Clarksville
Posts: 62,981
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They haven't lost as much as Trump has.
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Quote
| 3 users liked this post |
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01-14-2021, 04:07 PM
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#4
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Valued Poster
Join Date: Oct 28, 2012
Location: In your head, RENT FREE!
Posts: 2,084
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Money well spent. Yeah, yeah. I know, it ain't my money. You know what? It ain't y'alls either.
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| 3 users liked this post |
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01-14-2021, 05:24 PM
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#5
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Account Disabled
Join Date: Jun 5, 2017
Location: Retired
Posts: 24,859
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I hope they go belly up! Fuck those free speech suppressionists
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| 1 user liked this post |
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01-14-2021, 05:55 PM
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#6
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Valued Poster
Join Date: Mar 29, 2010
Location: mo
Posts: 1,558
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Twitter and Facebook lost $, but Winn lost Dixie. Fair trade.
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| 1 user liked this post |
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01-14-2021, 07:01 PM
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#7
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BANNED
Join Date: Jan 3, 2010
Location: Clarksville
Posts: 62,981
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Maybe WD has FB stock.
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| 1 user liked this post |
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01-14-2021, 07:08 PM
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#8
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Valued Poster
Join Date: Oct 31, 2019
Location: Miami, Fl
Posts: 5,667
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Quote:
Originally Posted by 1blackman1
Drops in the bucket in the big scheme of things. They won’t care and they will be worth more by the end of next week.
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If they don't need it, I wish they would drop in in my bucket. See you here next week.
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| 1 user liked this post |
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01-14-2021, 07:20 PM
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#9
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Valued Poster
Join Date: Jan 9, 2014
Location: Near mid cities but never whaco
Posts: 4,826
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Trumpy doesn't really have a dime to loose. Wonder which trumpy/bank holding will go bankrupt next. I'm sure FB and Twitter will be fine and trumpy won't again and again and...melinia gold digger better take the money and run
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| 1 user liked this post |
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