Facebook, Twitter lose Billions in Market

Facebook, Twitter lose billions in value after censoring Trump, conservatives

Facebook saw its stock drop on Monday, amid an unprecedented Big Tech crackdown on social media’s most famous user.

In a shocking move, Twitter permanently suspended its most famous user Friday, and a series of retaliatory moves have followed from Big Tech and Wall Street.

With investors fearing backlash, Facebook’s stock fell by as high as 4.5 percent on Monday, resulting in a $33.6 billion loss in value before shares recovered.

Twitter’s stock closed at a loss of six percent, dropping as low as 12 percent throughout the day. The company’s market cap fell by $5 billion.

Read about it...