Big Tech loses $51B after banning President Trump

Over the last two days after banning President Donald Trump, Facebook and Twitter lose a combined $51.2 billion in market value, a report from an Australian NTD news on Jan. 15, 2021.

Big Tech is facing legal and financial backlash due to the increasing censorship.

A report continues by saying that Twitter is down 14% since Jan. 6; while Facebook drops almost 7%.

President Donald Trump said, Tuesday, Jan. 12, 2021, that Big Tech like Google, Facebook, and Twitter made a terrible mistake. He also believed that it would be a “catastrophic mistake” for them.

But Twitter CEO Jack Dorsey in his statement online affirms that he believed that [censorship] was the decision for Twitter.

“I do not celebrate or feel pride in our having to ban @realDonaldTrump from Twitter… After a clear warning, we’d take this action, we made a decision [decided] with the best information we had based on threats to physical safety both on and off Twitter,” Dorsey said. ▲

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