Twitter’s stock price dropped a shocking 12% on Monday, erasing $5 billion from its market capitalization. The massive hit is associated with the social-media giant’s removal of President Donald Trump’s account on Friday.
“After close review of recent Tweets from the @realDonaldTrump account and the context around them we have permanently suspended the account due to the risk of further incitement of violence,” Twitter said.
Trump had about 88 million followers. Many analysts credit him with generating an enormous amount of publicity for the platform with his controversial tweets over the past six years.
