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Added on the 10/07/2018 15:21:37 - Copyright : BANG Showbiz
On Monday, Twitter's stock price tumbled as much as 12%. The company lost $5 billion from its market capitalization. The fall comes after Twitter permanently suspended President Trump's account. "We have permanently suspended the account due to the risk of further incitement of violence," Twitter said. Trump has generated enormous publicity for the platform with his controversial and incendiary tweets over the past six years. He once boasted around 88 million followers before the ban.
US President Donald Trump's fondness for Twitter has forced the social media platform to create special rules for people just like him. According to Gizmodo, Twitter has a 'world leader' exemption that means that leader can post pretty much what he or she wants, without being banned. Instead of removing the post or banning the politician, Twitter slaps a warning on the post, saying it's in the public interest for the tweet to remain. However, Twitter says the exemption only lasts for the length of time the incumbent is holding office. So if Joe Biden wins the general election, Trump may fall from Twitter's good graces on January 21st, 2021.
Robinhood users have faced a series of attacks on their trading accounts in recent weeks. Bloomberg News reports that an internal review estimated the number of compromised users near 2,000. According to Business Insider, the online trading company has not disclosed an exact number. Robinhood security says security "is a top priority and something we take very seriously." In response to the breach, Robinhood has started encouraging users to implement two-factor authentication. The number of compromised accounts is a small fraction of the company's 13 million users.
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