Twitter dives as Trump account ban puts social networks in spotlight
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Last Updated: Jan 11, 2021, 09:16 PM IST
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Synopsis
Twitter said on Friday its suspension of Trump s account, which had 88 million followers, was due to the risk of further violence following the storming of the U.S. Capitol last week.
AP
But the move drew criticism from some Republicans for quelling the President s right to free speech, and European Union Commissioner Thierry Breton said the past week s events likely heralded a new era of heavier official control.
Twitter Inc lost nearly $5 billion in market value on Monday after its move to permanently suspend U.S. President Donald Trump s widely-followed account spurred concern among investors over the future regulation of social networks.