Twitter Trades Down Nearly 4% After Trump Ban

Shares of Twitter edged lower in after-hours trading amid news that the company  permanently banned the President from its platform. Twitter cited concerns about “the risk of further incitement of violence” as the reason for its ban.

Shares traded down nearly 4% at one point though they ended after hours down roughly two percent.

Trump had more than 88 million followers on Twitter.

Facebook CEO Mark Zuckerberg announced the President’s Facebook and Instagram accounts will be blocked until at least the Biden inauguration on January 20.

Much of Twitter’s concern stems from the violent siege of the Capitol building on Wednesday, January 6 and fear that the President could mobilize his supporters to create additional problems for the country on Inauguration Day.

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