Twitter's stock witnessed a sharp decline of 12% at the opening of the week's trading on Wall Street, affected by the closure of the account of US President Donald Trump last Friday evening, but the stock was reduced Rollbacks during the session.
According to Arabiya Net, Twitter's share losses were estimated at $ 5 billion due to the sharp drop in Monday's session.
Facebook's share also declined, but to a lesser degree, after the company suspended Trump's account until the twentieth of this month.
Twitter had justified the decision to close the Trump account, which has about 88 million followers, with fears that the account would be used to incite violence, after the storming of the US Congress building last Wednesday. .
But the decision sparked criticism from some Republicans for allegedly violating the president's right to freedom of expression, while European Union Commissioner Terry Breton said last week's events would likely herald a new era From the heaviest formal control.
This has raised concerns among investors, who fear that Twitter will become more exposed to the risks of any regulatory effort compared to its larger competitors Facebook and Alphabet, which owns both Google and YouTube. / p>
And other social media platforms such as Facebook imposed a similar ban on Trump, but the decline in Twitter's share by up to 12% far exceeded the losses of shares of any of its competitors.
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Andrea Cicioni, director of strategy at TS Lombard brokerage, said Trump has a large number of regular followers, and many of them will leave if he permanently breaks between him and blogging.
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US media said that San Francisco police are preparing for a possible protest by Trump supporters outside Twitter headquarters today.
The Police Department said in a statement that it was aware of a possible demonstration and that it would have sufficient resources to deal with it.
The major US stock indices fell at the open Monday, retreating from record levels as dealers turned to profit-taking sales after a sharp rise sparked by the vaccine and financial stimulus.
The Dow Jones Industrial Average started the trading session on Wall Street, dropping 82.60 points, or 0.27% to 31015.37 points, while the benchmark Standard & Poor's 500 Index retreated 21.50 points, Or 0.56% to 3803.14 points.
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