Twitter loses $5B, shares down 12% since Trump ban

And yet up $10 since Nov 2nd, up $7 since Sept 16th and up $15 since a year ago today.

People are trying too hard to make this a "thing." If you look at it in terms of a few days, sure, but you zoom out and the loss is insignificant. Oct 29th had a far bigger loss.

I'd argue if anything this entire episode has proven Twitter's public impact (good or bad, it is HIGH). I'd say "buy the dip" but per above the drop isn't significant enough to really get overly excited about either way.

It should be noted that Twitter is a pretty volatile stock and has had plenty of single-day 10% swings before, this just being yet another one of them (I do think this was causal though, so at least the headline is half-accurate, the other half being their market cap decreased by $5B, they did not 'lose' it).

interesting how top heavy a 'social' network is if one single person moves the value that much. Gives an indication of how celebrity focused twitter is. Would be interesting to know how few people generate say, 80% of the value.

Also wonder what would happen if you just capped the number of max followers one can have or charged for shares, introducing some scarcity or locality. I once thought about making one where posts have to be paid for in some virtual currency that's limited per month but given how much it violates every expectation people have of social interaction now it'd probably go down like a lead balloon.

This is stupid, look at a trailing average in a quarter or two and this won't even be visible.

Looks like facebook has falling ~6%.

Shopify has risen, not sure why.

Fiskars stock has gone UP which is surprising because their sales of Pitchforks must have surely plummeted after the bans.

Wasn't this sort of baked in after Biden won but it just was a matter of when (meaning before or sometime after the 20th)? He obviously brought in an incredibly large audience to Twitter as president for an array of reasons and it seems obvious that that audience was bound to recede in the span of the next month or so.

Perhaps a bunch of people are selling their positions in order to pay legal costs?

Stupid title. Twitter didn't "lose $5 billion".

Why was this flagged?