Shares of social media and other tech companies slid Monday, hit by fallout from the siege on the U.S. Capitol by supporters of President Donald Trump.
Twitter’s stock ended the day down 6.4 per cent after the company on Friday permanently shut down Trump’s account, @realDonaldTrump, which had 89 million followers. The social network cited concerns the president would use it for “further incitement of violence.”
Trump supporters in Washington before the violence erupted at the Capitol.Credit:AP
Trump retorted that he’d be “building out our own platform in the near future. We will not be SILENCED!”
There is a growing risk for tech companies, especially those in social media, that Congress will attempt to collar them after last week’s rampage in Washington, D.C.
