Twitter Shares Drop Sharply After Trump Ban

President Trump isn't the only person unhappy about his permanent ban from Twitter. The move appeared to worry investors, with Twitter stock dropping 6.4% Monday in the first day of trading since the company announced the president's ban, CNN reports. The company's stock is still up around 45% over 12 months, but banning Trump, who had 89 million followers, may have added to existing worries about a slowdown in user number growth. Other tech stocks also saw significant drops Monday, reports the AP. Facebook, which has suspended Trump until at least Jan. 20, was down 4%. Apple, Amazon, and Google's parent company Alphabet, which have moved against social media site Parler due to its connections to the Capitol riot, were down more than 2%. (Trump said Friday that he would be "building out on our own platform in the near future.")