- Facebook and Twitter have collectively seen $51.2 billion erased from their market caps over the last two trading sessions as investors balk at their banning of President Trump.
- Facebook saw $47.6 billion erased from its public valuation, while Twitter's market cap dropped by $3.5 billion.
- Both companies announced last week they would permanently ban the president, saying keeping him on their platforms posed too large a risk of additional violence.
- The bans come as Trump faces blowback from the government and corporations for his role in inciting last week's violent riots at the Capitol.
I'm not a Trump fan, but I am a fan of Freedom and while I fully acknowledge private companies can make their own decisions about who can use their platform and for what reason, it was a huge wake up call for me about the role of Media, Big Teach and public opinion, combined with political power.
Also the media has been misleading about who was banned it wasn't just Trump, but rather millions of accounts some very large with large followings.
I don't think the financial pain will last for long as the main stockholders of Twitter isn't private citizens who will log into their Etrade account and dump Twitter. The stockholders are huge 401k Management companies with an abundance of political clout.
Who are the top shareholders of Twitter?
Who are the top shareholders of Facebook?
The same fund management companies also own the primary shares on CBS, NBC, ABC, CNN, and pretty much every American Media company.
In addition they own all the top banks
If you remove all political affiliation from the story, I think you can see why this is concerning. Perhaps you like their choice this time, but it's just too much power in a small billionaire groups' hands.
The political favors that Zuckerburg of Facebook and Jack of Twitter are earning right now will likely more than pay off.
My position on this has nothing to do with Politics I am neither a Democrat or a Republican and I neither Hate nor approve of Trump. I'm just hoping the average American starts to see how the Billionaire Class is manipulating the masses THROUGH our politics.
I think the less you care about Democrats vs. Republicans and the more you look at the system of Political Donations, Mainstream Media, Banking, Government Contracts and Tax laws the more concerning this seems.
If you would like to take this time to vent your frustrations or deep love of Trump in the comment section, feel free. It's not the point, and I don't care.
These billionaires are infiltrating every public source of information we have available to us and they did not stop at protecting their own platforms they went after (successfully) Parler and other platforms as well.
