Shares of Twitter plunged over 8% during premarket trading on Monday following the company’s decision to permanently suspend President Donald Trump’s account.
The social media network said it suspended his account followed by 88 million people due to “the risk of further incitement of violence” following Wednesday’s riots at the US Capitol building. Accusing Twitter of infringing on the freedom of speech, the US president hinted at starting his own social media company.
Twitter on Friday permanently banned Donald Trump’s account as the social network warned that the president’s tweets risked inciting further violence after he whipped up a mob that invaded the Capitol earlier this week. The short-message app said it had already found plans for armed actions circulating on its platform ahead of the Jan. 20 inauguration.
Twitter took the highly unusual step after concluding that Trump’s latest tweets constituted a risk to public safety and could lead to more havoc. The president’s account, which had over 88 million followers, had been temporarily locked on Wednesday for a series of tweets that challenged former Vice President Joe Biden’s victory in the 2020 presidential election.
San Francisco police are prepping for a pro-Trump rally at Twitter headquarters:
San Francisco police are preparing for a pro-Trump protest at Twitter’s headquarters, a building that has been essentially abandoned since the start of the pandemic last year, with most Twitter employees working remotely.
The potential protest comes days after Twitter banned the president from using its service — his favorite form of communication to millions of followers — following what the company called his continued incitements to violence in the wake of the January 6 assault on the Capitol last week by a mob of his followers.
“The San Francisco Police Department is aware of the possibility of a demonstration on the 1300 block of Market Street (Twitter), Monday, January 11, 2021. SFPD has been in contact with representatives from Twitter. We will have sufficient resources available to respond to any demonstrations as well as calls for service citywide,” a police department spokesperson wrote in an email. “The San Francisco Police Department is committed to facilitating the public’s right to First Amendment expressions of free speech. We ask that everyone exercising their First Amendment rights be considerate, respectful, and mindful of the safety of others.”
The San Francisco Chronicle, which first reported the preparations from SF police, noted that posts on a popular internet forum for Trump supporters who have relocated from Reddit called for the president’s adherents to protest his Twitter ban outside of the company’s headquarters on Monday.
Twitter is one of several tech companies to deplatform the president and many of his supporters in the wake of the riot at the Capitol on Wednesday.
At this point, most of the biggest names in tech have pledged to deny service to the President for what they said was his incitement to violence in the wake of the Capitol hill raid that left five people dead — including a Capitol Police officer.
Twitter Short (Sell)
ENTER AT: 47.93