Twitter shares tumble after nixing @realDonaldTrump account

Shares of Twitter are tumbling at the opening bell after it permanently kicked US President Donald Trump off the social media platform.

There was a broad market selloff Monday to start the week, yet the 11% slide in shares of Twitter Inc. far outpaced those declines.

Twitter on Friday shut down @realDonaldTrump, citing concern that Trump would use it for “further incitement of violence.” Trump retorted that he’d be “building out our own platform in the near future. We will not be SILENCED!”

In this photo illustration, a Twitter logo is displayed on a mobile phone with President Trump’s Twitter page shown in the background on May 27, 2020 (Olivier DOULIERY / AFP)

There is a protest planned outside of Twitter headquarters in San Francisco by Trump supporters today, though employees are working from home due to the pandemic and there are few if any people there.