the staff of the Ridgewood blog
Ridgewood NJ, Twitter’s stock price tumbled Monday as investors appeared to balk at the social network’s decision to ban President Trump from posting. Technology companies tried to contain a mounting backlash against their social media sites, with shares of Twitter Inc. and Facebook Inc. falling in early trading and rival platform Parler forced offline by Amazon.com Inc.
Shares in the San Francisco-based company tumbled as much as 12 percent to $45.17 in the first trading session after it banned Trump from the platform on Friday, saying his account posed a “risk of further incitement of violence” after his supporters stormed the US Capitol on Wednesday. Conservative like Rush Limbaugh, Mark Levin, and Lou Dobbs have left Twitter in disgust after it purged sitting President Donald Trump.
Its being reported that President Donald Trump are planning protests at Twitter’s San Francisco headquarters . North Idaho internet provider, Your T1 WIFI, confirmed it is blocking Facebook and Twitter from its WIFI service for some customers due to censorship claims.
Parler launched an Anti Trust suit against Amazon on Monday, accusing Amazon of making an illegal, politically motivated decision to shut it down to benefit Twitter .AWS does hosts Twitter. In the complaint filed with the U.S. District Court in Seattle, Parler said Amazon delivered a “death blow” by abruptly cutting off Web-hosting services on Sunday night, soon after Apple Inc and Alphabet Inc’s Google removed the Parler app from their own app stores.
Twitter stock moved up from its lows and closed at 48.18 , a loss of -3.30 ,down -6.41%. Twitter hit 56.10 on the 14th of December and has been trending down ever since .
Time for RICO
who is your guys ???
Very overt action just to garner favor with incoming admin. Not good for business. I wonder whose decision it was. While media talks about corporate leads (e.g. Zuck), I suspect a big chunk of that decision-making is driven by rank and file management. I.e. technocrats running these organizations.
No doubt antitrust action is a must, but we may also want to think about who runs these firms. Improving corporate governance in my view is as important as breaking up monopolies. Get poisoners out before they destroy shareholder value.
Speaking of poisoners: https://thefederalist.com/2021/01/12/pbs-lawyer-called-for-firebombing-white-house-kidnapping-republicans-children/
Stay off these sites, cancel your newspaper subscriptions, etc.
That’s how you send a message !