The decision to ban Trump, who had more than 88 million followers on his @realDonaldTrump account, could have a negative impact on users and engagement, at least in the short term, according to analysts. Rosenblatt Securities said the move โall but securesโ a โdismalโ near-term outlook as it leaves โlittle room to deliver positive โ21 results.โ
Twitter stock is down 12% thus far in 2021, based on its early trading on Thursday, at one stage slipping back below the $45.10 at which the stock opened on the day of its initial public offering in November 2013. The January performance is the weakest among components of the S&P 500 Index, which itself is up about 2.5% year to date.
I like how they say banning Trump " could have" been the cause! ๐คฃ
Source: Bloomber