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Twitter stock tumbles as Trump ban puts social media in spotlight

2021/1/13 10:30:26   source:CGTN

Twitter's stock tumbled over 6 percent on Monday after its move to permanently suspend U.S. President Donald Trump's widely-followed account spurred concern among investors over the future regulation of social networks.

The San Francisco-based social media company said on Friday its permanent suspension of Trump's account, which had 88 million followers, was due to the risk of further violence following the storming of the U.S. Capitol last week.

The move drew criticism from some Republicans for quelling the president's right to free speech, while European Union Commissioner Thierry Breton said the past week's events likely heralded a new era of heavier official control.

German Chancellor Angela Merkel, whose relations with Trump have been frosty, criticized Twitter's ban and warned through a spo