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Twitter shares plunged after blocking Trump's account

Shares of Twitter listed in Germany fell 8% on the first trading day

German-listed Twitter shares fell 8% on the first trading day after the company permanently blocked US President Donald Trump's account on Friday evening, January 8.

It is reported Reuters.

The company said that the suspension of Trump's account, which had more than 88 million subscribers, was due to the risk of further violence after the storming of the US Capitol on January 6.

Shares of the US-listed social network also fell 8% in rare premarket trading on Monday morning.

Let us remind you that a few hours after US President Donald Trump was permanently banned from Twitter, his supporters announced that they would also leave the microblog. And the phrase Goodbye Twitter became a trend in social networks on Saturday morning.

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