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Twitter and Facebook have seen $51 billion in combined market value wiped out since booting Trump from their platforms

14 days ago   |   By Business Insider

Phillip Faraone/Getty Images for WIRED25; Francois Mori/AP
Facebook and Twitter have collectively seen $51.2 billion erased from their market caps over the last two trading sessions as investors balk at their banning of President Trump. Facebook saw $47.6 billion erased from its public valuation, while Twitter's market cap dropped by $3.5 billion. Both companies announced last week they would permanently ban the president, saying keeping him on their platforms posed too large a risk of additional violence. The bans come as Trump faces blowback from the government and corporations for his...
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