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Twitter’s shares fall, market cap plummets — and Jack becomes a figure of fun

Censorship-happy Twitter is having trouble attracting new followers for some curious reason. These days, all they are attracting are titters.

And that’s curious stuff.

Twenty years ago, I used to cover billionaires for Forbes, helping compile the annual Forbes list.

One thing I learned about billionaires is that they hate losing money (which is logical — they’re billionaires — but I saw it up close). Billionaires also closely follow their peers. Never have I seen a more status-obsessed bunch.

Which is why what’s going on with Twitter has me speculating about what must be going through Twitter CEO Jack Dorsey’s head with the company’s likely timed Friday night news dump about shutting down President Trump’s 80-million-plus follower account.

According to MarketWatch, in a report just out:

Twitter TWTR, -6.41% announced Trump’s permanent suspension after trading hours Friday and it fell 6% before trading started Monday morning. That blotted out approximately $2.5 billion in market value, according to Reuters.

Read the full story from American Thinker

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