Jacquelyn Martin/AP/Shutterstock / Jacquelyn Martin/AP/Shutterstock
Following social media platforms — most notably, Twitter and Facebook — banning Trump from using them after the violence on the Capitol final week, Trump’s son, Donald Trump, Jr., is asking Elon Musk to create a brand new platform.
In a video posted on Instagram, Trump’s son asks Musk to “help save free speech,” saying that “if Elon Musk can privately send people into space I’m sure he can design a social network that isn’t biased. I think there’s a lot of Americans that would love that and support it wholeheartedly.”
Twitter, which shut down Trump’s 89-million-follower account completely final week, noticed its inventory worth drop by 12% on Monday, erasing $5 billion from its market capitalization.
See: PGA Pulls Event From Trump Golf Course, Shopify Terminates Trump’s Online Stores, Banks Cut Ties
Find: Elon Musk Surpasses Jeff Bezos as the World’s Richest Person; Sends Tweet That Causes a Random Stock to Surge 1100%
The social media platform explains its determination by citing issues that the president would use it to additional incite violence. “After close review of recent Tweets from the @realDonaldTrump account and the context around them we have permanently suspended the account due to the risk of further incitement of violence,” Twitter stated.
Facebook additionally introduced the ban on Thursday and noticed its shares drop 4.5% on Monday, representing $33.6 billion being erased from the corporate’s market cap.
CEO Mark Zuckerberg said that the company believes “the risks of allowing President Trump to continue to use our service during this period are simply too great, so we are extending the block we have placed on his Facebook and Instagram accounts indefinitely and for at least the next two weeks.”
More From GOBankingRates:
- 19 Effective Ways To Tackle Your Budget
- Are You Spending More Than the Average American on 25 Everyday Items?
- 30 Important Money Habits for Your Financial Future
- Guns and 32 Other Things You Definitely Do NOT Need To Buy During the Coronavirus Pandemic
About the Author
Yaël Bizouati-Kennedy is a former full-time monetary journalist and has written for a number of publications, together with Dow Jones, The Financial Times Group, Bloomberg and Business Insider. She additionally labored as a vice chairman/senior content material author for main NYC-based monetary corporations, together with New York Life and MSCI. Yaël is now freelancing and most not too long ago, she co-authored the ebook “Blockchain for Medical Research: Accelerating Trust in Healthcare,” with Dr.