ionigeria.com Nigerian Newspaper
Following the sanctions imposed on US outgoing president, Twitter stock fell by as much as 10% in pre-market trading, while Facebook shares were down 4.5% by the end of trading on Monday.
The slide saw $33.6 billion erased from Facebook’s market cap at intraday lows. Shares have since pared some losses and now trade about 2.6% lower.
Twitter stock fell as much as 12% on Monday after the social-media company permanently suspended President Donald Trump’s account on Friday evening. The share-price decline wiped $5 billion from Twitter’s market capitalization.
German Chancellor Angela Merkel, whose relations with Trump have been frosty, criticized Twitter’s ban and warned through a spokesman that legislators, not private companies, should decide on potential curbs to free expression.
