U.S. Twitter social media company suffered the biggest loss in just one day after losing more than $5 billion of its market value on Monday (January 11th) to outperform any other rival company after the decision to suspend the account of President Donald Trump, which has been widely followed by some 88 million people due to fears of further violence after storming the U.S. Congress building last Wednesday.
Twitter's share slumped 12 percent at Monday's close on the New York Stock Exchange in the biggest drop among social media companies.
CNBC reported that the deletion of Twitter to the US president's account has raised concerns among investors about the future regulation of social networks.
Twitter said Friday that it had decided to suspend Trump's account because of the risk of more violence after the US Congress stormed.
But the company's decision against Trump has drawn criticism from some Republicans for allegedly violating the president's right to freedom of expression.
Eu Commissioner Terry Britton believes last week's violent events are likely to usher in a new era of strict official control.
Investors feared that Twitter would become more exposed to the risks of any regulatory endeavor than Facebook, Google and YouTube.
Twitter shares fall 12% due to Trump's deletion
Facebook and others imposed a similar ban on Trump, but Twitter's 12% decline far exceeded the share losses of any of the competing companies.
U.S. media said San Francisco police are preparing for a possible protest by Trump supporters who lost the election outside the company's headquarters today.
The San Francisco Police Department said in a statement that it was "aware of a possible demonstration" and that it would have "sufficient resources to deal with it."
The company's share price fell nearly 10% in the run-up to the opening of the U.S. stock exchanges on the first business day of the week.
The U.S. company, listed on the Frankfurt Stock Exchange, fell about 8 percent in the first trading day of the week.
Twitter's losses came after the company permanently shut down US President Donald Trump's account since the close of trading on Friday evening.
Twitter's share price fell after the company confirmed Trump's exclusion and would be subject to the rules applicable to any regular Twitter user.
Twitter is putting out a warning that "public good" is some of the tweets that violate its rules and come from world leaders that would otherwise have been deleted.
The U.S. company usually hides these tweets posted by political, elected, or government officials instead of deleting them.
"This policy applies to current world leaders and candidates for office, not citizens who have left office," a Twitter spokesman said in a statement.
The company has placed several warnings on Trump's account since the presidential election for containing unfounded allegations of election fraud.
"We will not be silenced," Trump said on the official account after the company banned his personal account altogether and that "Twitter is not concerned with freedom of expression."
US President Donald finds himself in isolation due to his removal from social media
U.S. President Donald Trump found himself in isolation after a series of dramatic developments that accompanied the attack on the Capitol.
Social media platforms such as Facebook have completed the pressure to lose Trump's favorite Twitter platform once and for all after some of his top aides dropped him.
Twitter hid a Trump post under a "public interest" warning in May when the president violated the company's rules by glorifying violence.
Under its policies, Facebook will not exempt Trump's publications from a third-party review of fact-finding partners when Biden takes office.
