[Ed. – Couldn’t happen to a more deserving company.]
Twitter shares dropped significantly on Monday after the company permanently suspended President Donald Trump’s account — prompting CNBC’s Jim Cramer to urge the platform to find a new attraction “very, very quickly.”
Twitter shares sank nearly 10 percent right at the bell in the first trading session since the president lost access to his account, which Cramer blamed on the “endless wave” of content the company sacrificed. The stock has since made somewhat of a comeback, but as of this writing, is still down more than five percent for the day.
The platform barred the president after tweets he made following the violent pro-Trump mob’s attack on the U.S. Capitol, saying in a statement, “We have permanently suspended the account due to the risk of further incitement of violence.”