Twitter stock tumbles in first trading session since banning Trump

Twitter’s stock has tumbled in the first trading session after permanently banning President Trump.

Shares in the San Francisco based social media company tumbled as much as 12 percent to $45.17 before recovering to $48.03.

Andrea Cicione, head of strategy at TS Lombard, told Reuters “Trump has a very high and loyal following and a lot of those eyeballs will go away if Trump is permanently restricted from posting.”

Twitter’s move has been controversial and sparked potential overreach concerns and criticism from world leaders and even the ACLU. 

The NY Post writes “it may also hurt Twitter’s user base as Trump supporters and right-wing activists pledge to boycott the company’s blockbuster decision.”