Twitter stocks dropped by as much as 12 percent Monday after permanently deleting Trump's account

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The stock declined resulted in the social media giant losing $5 billion in market capitalization

Joseph Weber

January 11, 2021 - 5:10pm

Twitter stock fell by as much as 12% on Monday after the social-media company permanently suspended President Trump's account on Friday evening. The stocks dropped 6.4% at the close of trading

The declined resulted in the social media giant losing $5 billion in market capitalization, according to Market Insider.

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Trump had 88 million Twitter followers. The decision to ban Trump has been met with opposition from fellow Republicans, First Amendment advocates, Germany Chancellor Angela Merkel – and now investors.