11.01.202116:44 Forex Analysis & Reviews: Twitter permanently blocked Donald Trump's account, social network shares instantly collapsed by 8%

The social networking service, Twitter, decided to permanently block the account of the outgoing US President Donald Trump after the riots that Trump supporters staged on January 6. The management of the social network saw the latest tweets published by the president as incitement to violence and blocked Trump's account for 12 hours. Further, the Twitter administration drew attention to two new publications of Trump, where he states that the votes of 75 million supporters who voted for him will be of great importance for a long time and they will not be disrespected or treated unfairly in any form.

The Twitter administration saw this statement as proof that the president is not going to peacefully transfer power to the new president, but supports and protects all those who believe in his victory in the elections. On top of that, in another tweet, Trump said he wasn't going to attend Joe Biden's inauguration. In this message, the administration of the social network saw a call for riots on the day appointed for the inauguration. After that, Twitter decided to immediately and permanently suspend the user @realDonaldTrump from the service. In response, Trump said that he plans to create his own online platform.

Twitter until recently remained one of the main channels of communication between Donald Trump and his supporters. Recall that the account of the outgoing president was signed by almost 89 million users. Now, this channel of communication is cut off.

However, this news left its mark on Twitter. Today, its shares in preliminary trading in the US plummeted by more than 8%. At the time of writing this article, the value of the company's shares fell by 7.89%, that is, to $47.42. A couple of minutes before that, the drop had reached 8.3%.

Earlier this January, social networks such as Facebook, Twitter, Instagram, and others closed access to the president's accounts, but these were short-term restrictions. The reasons were the various appeals of the US President to the protesters, who stormed the building of the US Congress on January 6.

Recall that Donald Trump is due to resign on January 20, on the same day the inauguration of the country's new President Joe Biden is planned.

Today, Donald Trump is expected to speak about the blocking of popular social networks of his accounts. However, an unimpeded broadcast of his speech is unlikely to take place.