The cost of one share of the social network Twitter by 12:48 Moscow time fell to $ 47.36 per share, follows from the data of trading on the New York Stock Exchange. The company's securities began to fall sharply on January 9, after the administration of the site blocked the account of US President Donald Trump. On the eve of this, the price of one share was $ 51.5.

Twitter Shares Fall More Than 8% After Trump Account Blocked
Twitter Shares Fall More Than 8% After Trump Account Blocked

Thus, Twitter shares lost more than 8% in value in a couple of days. During the last day alone, they fell by about 6%. The company's current share price is the lowest since the beginning of November 2020.

Twitter announced the decision to permanently block Trump's account on January 9, citing fears that the president would incite citizens to violence. The management of the social network concluded that the statements of the US leader that he will not be present at the inauguration of the newly elected head of state Joe Biden, “will most likely encourage and inspire people to repeat the criminal actions that took place in the US Capitol on January 6, 2021. ".

On January 6, Trump supporters gathered for a demonstration in support of him in Washington. They stormed the building of the US Congress and interrupted the meeting at which the results of the presidential elections held in the country were to be approved. Five people were killed in clashes with police. Later, the US Congress approved the election of Democratic candidate Joe Biden as the country's new leader. 

Following its decision, Twitter faced public criticism. The social network was accused of infringing on freedom of speech and democratic rights. An open statement on this topic was made, in particular, by the French authorities. Thus, the country's Minister of Economy and Finance, Bruno Le Maire, told reporters that “the regulation of digital giants cannot be carried out by the digital oligarchy itself,” and the latter poses a threat to states and democracies.

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