There is no question that Twitter has been going through a rough patch in the last couple of days, and former president Donald Trump was quick to criticize the giant social media enterprise due to the fact that it plummeted down 15% of its value in just one day, no less.
Of course, it’s no surprise that the former president would have a few things to say about the social medium, especially due to the fact that he was famous suspended from the social medium after the rioting that descending upon the U.S. Capitol last January. However, Trump took these latest moments as an opportunity to issue an “I told you so” statement, where he blamed the collapse of their stock on their activity of shutting down some of their accounts. According to Trump, it’s political correctness running amok, folks.
“Twitter’s stock prices have ‘plunged’ as these results are no longer cutting it for the investors,” Trump’s statement read. “Shares are off 15% today.”
“There are some bad forecasts regarding the outlook that are seriously hurting it, but in my opinion, it is because the site has become totally BORING as more and more people continue to run and flock away from the site,” Trump continued.
“Analyst Michael Nathanson stated, ‘this math simply doesn’t make sense’ and he continued to try to lower his price target,” Trump wrote, wrapping it up. “Apparently, this is what happens when your social media outlet goes against FREEDOM OF SPEECH! It is going to happen with other social media platforms as well.”
Due to these factors, Twitter’s stock price basically dropped off a cliff, going from $65.09 to $55.22 last Friday. Moreover, the drop was not only at a mark of 15%, but it also represented billions in market share and value.
Of course, this sharp drop by Twitter comes on the heels of severe criticism from many current and former Twitter users because of the social media giant’s decision to suspend then-President Trump’s after some of his supporters attacked the U.S. Capitol on January 6th.
However, Trump has always been one to paint rejection in a positive light. Instead of blasting Twitter completely, he said that the social media company actually did him a solid favor because he now believes that it is better for him to issue statements instead of tying out tweets like he originally did. Additionally, the former president is still considering starting his own social media application simply because he now thinks that Twitter is boring and he wouldn’t go back even if they allowed him to and asked him to come back!
What do you think about this turn of events regarding the former president and the social media application known as Twitter? Your comments would be appreciated!