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Twitter shares dive as lawmakers see Trump ban as evidence for stronger Big Tech regulation

January 11, 2021

Via: Fortune

Twitter’s share price fell by as much as 8% in premarket trading Monday morning, following the company’s Friday decision to permanently suspend U.S. President Donald Trump’s account.

Although the affected account (@realDonaldTrump) was the President’s personal account, it was the one he used primarily, and Twitter has never before banned a head of state.

The company’s decision, which came after the close of trading on Friday, made permanent the initially temporary suspension of Trump’s account over tweets that Twitter said were “likely to inspire others to replicate the violent acts that took place on Jan. 6, 2021″—a reference to the Trumpist insurrection on Capitol Hill that left five dead.

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