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.

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.

They haven't lost as much as Trump has.

Money well spent. Yeah, yeah. I know, it ain't my money. You know what? It ain't y'alls either.

I hope they go belly up! Fuck those free speech suppressionists

Twitter and Facebook lost $, but Winn lost Dixie. Fair trade.

Maybe WD has FB stock.

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. Originally Posted by 1blackman1

If they don't need it, I wish they would drop in in my bucket. See you here next week.

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