SAN FRANCISCO: Shares of Twitter Inc slumped 7% on Monday, on course to knock off about US$2.5 billion from the market value of the social media company after it permanently suspended the account of US President Donald Trump.
Twitter said on Friday Trump’s suspension was due to the risk of further violence, following the storming of the US Capitol last Wednesday. “The fact that a CEO can pull the plug on Potus’ loudspeaker without any checks and balances is perplexing,” he wrote in a column for Politico.