Twitter stock crashes after company permanently bans Trump’s account

Twitter shares dropped

Twitter shares dropped over eleven percent on Monday after the social networking service permanently removed US President Donald Trump from its platform, following last week’s violent protests by his supporters on Capitol Hill.

The account that had been used by Trump since his first days in the Oval Office was followed by 88 million users and was the president’s preferred channel for commenting on topical events and communicating to his electorate.

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