Christiana Sciaudone: "Twitter's Shunning of Trump Weighs on Shares" - -- It appears Twitter is only relevant with Donald Trump on the app. Shares tumbled 7.5% after the Twitter banned the outgoing President of the USA.
"On Friday, Twitter permanently banned Trump from its service “due to the risk of further incitement of violence.”

Twitter said in a blog post that Mr. Trump’s personal @realDonaldTrump account, with more than 88 million followers, would be shut down immediately.
"Trump has a very high & loyal following. A lot of those eyeballs will go away if Trump is permanently restricted from posting," said Andrea Cicione, head of strategy at brokerage TS Lombard, according to Reuters.
Twitter is set to report its first quarterly sales above $1 billion when it publishes results next month. Shares of Twitter are up about 160% since Trump was elected in 2016.

Facebook issued a similar ban following the violence at the Capitol on Jan. 6.
It is the first time the company banned a head of state and
was accompanied by the suspension of accounts belonging to vitriolic Trump fans.

"The fact that a CEO can pull the plug on POTUS's loudspeaker without any checks and balances is perplexing,"
European Union Commissioner Thierry Breton wrote in a column for Politico.

"It is not only confirmation of the power of these platforms,
but it also displays deep weaknesses in the way our society is organized in the digital space."

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More from @MsResJudicata

13 Jan
Scrambling to deal with a sudden competitive threat to its messaging platform WhatsApp, Facebook (NASDAQ:FB) has released a statement clarifying the upcoming changes to its terms of service.
The privacy concerns have already triggered users to turn to rivals in droves, according to data from Sensor Tower.

Signal was downloaded 8.8M times worldwide in the week after the changes were first announced on Jan. 4 vs. 246K times the week prior. Better service no tracking
Telegram, 2nd best, reached 11.9M downloads (vs. 6.5M), while WhatsApp recorded 9.7M downloads following the announcement, a decrease of 14% from the week before.
Read 4 tweets
12 Jan
Hostile journalists & lawmakers have suggested Mr. Trump incitedthe riot when he told a rally that Republicans need to “fight much harder.”

Mr. Trump suggested the crowd walk to the Capitol: “We’re
going to cheer on brave senators & congressmen &women, and women.
We’re probably not going to be cheering so much for some of them.Because you’ll never take back our country with weakness. You have to show strength and you have to be strong.”

In District of Columbia, it’s a crime to “intentionally or recklessly act in such a manner to cause
another person to be in reasonable fear”
and to “incite or provoke violence where there is a likelihood that such violence will ensue.”

This language is based on Brandenburg v. Ohio (1969), in which the Supreme Court set the standard for speech that
Read 8 tweets
12 Jan
Trump: Impeachment push over Capitol riot is causing 'tremendous anger'… via @nypost
Trump spoke to reporters again on the tarmac of Joint Base Andrews in Maryland and said he didn’t incite the riot. “They’ve analyzed my speech and my words and my final paragraph, my final sentence. And everybody to the tee thought it was totally appropriate,” Trump said.
Trump also lashed out also at Big Tech companies that have censored him following the riot and purged many accounts of alleged conspiracy theorists. Trump was permanently banned by Twitter and banned from using Facebook or Instagram until at least after Biden’s inauguration.
Read 4 tweets
12 Jan
Tom Mitchell,Yuan Yang, Ryan McMorrow 6 HOURS AGO
"Jack Ma vs Xi Jinping: the future of private business in China"

The crackdown on Alibaba and Ant Group amounts to an unprecedented squeeze on a ubiquitous ecommerce empire… via @FinancialTimes
"24/12/2020, China’s market regulator began an antitrust probe into Alibaba & sent investigators to its headquarters
of Hangzhou.

Announcement came after the party’s politburo targeted monopoly businesses to prevent “disorderly expansion of capital”.
The move on Alibaba also came two months after financial regulators dramatically cancelled Ant’s planned $37bn initial public offering, which would have been the world’s largest.

The measures amount to unprecedented squeeze on a business whose ubiquitous services are central to
Read 4 tweets
12 Jan
Opinion FT Alphaville Guest post 6 HOURS AGO
"A strong recovery could be bad for asset prices"

Global liquidity will continue to pour into the world economy. But how will that impact asset prices and the recovery?… via @FinancialTimes
Michael J. Howell founded CrossBorder Capital, a London-based advisory investment management company in 1996. He published a book "Capital Wars" on the turbulent rise of global liquidity. In this post, he argues that despite the pool
of cash and credit available to investors breaking fresh records in 2021, global liquidity may prove to be more positive for economies than for asset markets.
When liquidity concentrates in asset markets, measures of so-called monetary velocity — calculated using the ratio of
Read 5 tweets
12 Jan
Congress has co-opted Silicon Valley to do through the back door what government cannot directly accomplish under the Constitution, write @VivekGRamaswamy and Jed Rubenfeld… via @WSJ
Facebook and Twitter banned President Trump and numerous supporters after last week’s disgraceful Capitol riot, and Google, Apple and Amazon blocked Twitter alternative Parler—all based on claims of “incitement to violence” and “hate speech.”
Silicon Valley titans cite their ever-changing “terms of service,” but their selective enforcement suggests political motives.

Conventional wisdom holds that technology companies are free to regulate content because they are private, and the
Read 5 tweets

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