Current Events > Twitter stock taking a hit after banning Trump. Will it hurt their bottom line?

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Houston
01/12/21 9:43:09 PM
#1:


In banning Trump, do you think it will hurt Twitter's bottom line?



"Rosenblatt Securities analyst Mark Zgutowicz explained the issue in a note to clients. In short, Trumps 88 million followers on the platform generate an enormous amount of engagement on both sides of the political aisle. All that helps to sell ads.

Zgutowicz wrote the Trump account receives an average of four million mentions a day, which spiked to 16 million mentions two days before the suspension. Zgutowicz estimated that about 30 million of those followers are daily Twitter users.

Without the engagement with the Trump account, the company risks jettisoning between six and nine million Twitter members who use the site every day, a loss that will cost Twitter, Zgutowicz wrote. While acknowledging that the calculation is not an exact science, the analysts team now models full-year 2021 ad sales of $3.28 billion, well below the consensus estimate of $3.83 billion."



https://www.barrons.com/articles/twitter-is-still-facing-fallout-from-banning-trump-heres-the-latest-wall-street-call-51610483051?siteid=yhoof2

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Christian RULES
01/12/21 9:44:23 PM
#2:


I knew it! I told y'all.

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Unsugarized_Foo
01/12/21 9:45:37 PM
#3:


They had to put Ol' Yeller down

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21WIVES_CHILL
01/12/21 9:45:57 PM
#4:


Theres this thing called shorting where you can make money on stocks tanking.
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I Like Toast
01/12/21 9:46:17 PM
#5:


so, buy now.

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Sewage
01/12/21 9:46:40 PM
#6:


It's going to kill them, just like the right killed the NFL because players started kneeling.
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Abiz_
01/12/21 9:47:11 PM
#7:


I'm curious about how big Twitter really is. I mean belle delphine has been trending for at least 5 hours now but only has 21.7k tweets. He's 78 is trending at 6k tweets. These number are low for something that is supposed to be massive like twitter.
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CADE FOSTER
01/12/21 9:48:15 PM
#8:


alt right Trumper Houston mad his daddy got banned
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lightwarrior78
01/12/21 9:50:21 PM
#9:


Twitter didn't make a profit until 2018, and safe bet stoking the trump fires had a lot to do with that. Without him, well, there's always others to go after, but they're in this habit now of banning so many now you can pretty much expect things to dry up.

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E32005
01/12/21 9:52:53 PM
#10:


looks like its already leveling off

which means buyers will be back in

lel

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pick4six
01/12/21 10:03:42 PM
#11:


All stocks have been down since the Capitol Coup, it turns out that a potential Civil War is bad for the economy, I mean who knew?
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ZMythos
01/12/21 10:04:22 PM
#12:


Who cares? If my platform was being used by fascists, nazis, white supremacists, and violent right wing terrorists then I would take any measure to quash it regardless of my platform's value.

The far right needs to know they're not welcome in modern America.

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Antifar
01/12/21 10:06:15 PM
#13:


That's for Twitter to care about, not me.

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kin to all that throbs
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Pitlord_Special
01/12/21 10:07:26 PM
#14:


Trump was definitely their golden goose and I doubt the platform is going to be able to maintain the same degree of relevance now that he has been killed off.

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Funkydog
01/12/21 10:09:25 PM
#15:


Just like Adidas failed and is no more, just like the NFL failed and was disbanded so shall twitter fade.


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Delta_F14
01/12/21 10:12:22 PM
#16:


Twitter stock was already in a downward trend.

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Darmik
01/12/21 10:18:50 PM
#17:


Either way this was gonna happen since he'll be less relevant after losing the election.

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FortuneCookie
01/12/21 10:21:14 PM
#18:


Good on Twitter. If it it means taking a hit, they're not going to let a tyrant push white supremacist rhetoric and incite violence.
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