WOKE to BROKE? CNBC’s Warns Twitter Could Be in Trouble as Stock Plummets: After Trump Ban

CNBC’s Jim Cramer Warns Twitter Could Be in Trouble as Stock Plummets: After Trump Ban, They Need a New Draw ‘Very, Very Quickly.’

They are dead to us. We will crap on their grave.

Twitter shares dropped sharply on Monday after the company went full German Socialist Style Censorship and permanently suspended President Donald Trump’s account.

Twitter shares slammed south a 10 handle at the stroke of the opening bell on the first trading session since they went full authoritarian censorship. Cramer blamed the fall on the “endless wave” of content the company sacrificed. The stock has since staggered up off the mat and made somewhat of a comeback as they poured cash in to try to buy their stock price back up, but, it still closed down nearly 6.5% on the day.

The other Censorious Socialist Media Companies that suspended Trump also traded lower on Monday.

We will never forget.

 

That's great news. There are consequences for such actions. Shareholders will not be pleased.

 

Twitter will be fine. Good time to buy.

52 week high: 56.11

52 week low: 20.00

Monday's close: 48.18

Angry Trumpers sold their stock. Good for them. Smart buyers will bring it right back up.

 

"I was the best thing to ever happen for Twitter ."

~ If the stock continues to slip they may become 'Twiddle' .... ​

 

Stock prices tend to depend more on profits than on who owns the stocks. The stock prices went down because people decided not to use Twitter. I hope the bottom drops out.

 

The worst thing to happen to the USA.

 

If people continue to make financial decisions based on emotion, that is, their love for Donald Trump, rather than business sense, it is they who will be twaddle.

 

They will support the stock for awhile hoping the internal rot goes away, they may support it for some time, months even. The chickens will come home eventually, I suggest long term LEAP puts of at least 6 months duration to let the poison creep all the way in and the bulls get swept out.

The truth is that Twitter, other than Trump, is and has always been the platform of young people... with no money, and a handful of celebrities. That's it, that's all it has ever been. Not sustainable. I don't even know anyone who uses it, less and less middle and up income folks by the minute.

 

I don't like it either, nor Facebook or any of the other social media sites. I did FB for about a year. It was fun, but it got old.

The market will decide Twitter's fate, not Donald Trump, and not his supporters.

Sometimes I wonder if Trump fans get a feeling of power, and that's what drives their support. They seem to think they can do whatever they want. Article II comes to mind.

 

His supporters are part of the market.

I wish I used Twitter so I could quit also.

 

I appreciate your honesty in the first sentence, I feel exactly the same way. As far as what the market decides, I lost lots of money in the 90s betting against America Online. I was right, just ahead of the curve. But I learned my lesson. Twitter has a year or two if that. If Trump does what he said he is considering, and creates TrumpTweet or whatever, though, the carnage could begin in a month or less. All he has to do is put his name on it and tell his followers to evac Twitter for his platform, game over. Then let the operations people take over and go play golf. The difference between TrumpTwitter and Twitter proper is that the former WORK, EARN, PAY TAXES, and -some- of the latter now who would stay do the same... some. I know who I'd bet on.

The Trump movement does have to do with power for its constituents, but when you have none as one of the 30 million small business owners and their 100 million or so employees stuck in the COVID Archipelago, there's nowhere to go but up. These people, we people, were lied about, beleaguered, made the butt of insults, called racists, deplorable, toxic males, for decades. Of late, we were shut down and targeted by large government and corporate opportunists. In actuality, these are not racists or toxic white males, but nail salons, plumbing contractors, small medical practices, engineers, hot dog stands, bars, gyms, etc. THOSE are the true constituents of the Trump Movement. You can take my word for that, or the talking box, choice is yours.

And then to push it too far and even mention the possibility of enemies lists, censure, any kind of punishment? I would not want to be either a Republican or Democrat during the coming storm. And it won't be at all violent, that's all more TV talk.

 

The free market in action.

 

You realize they lost advertiser viewership? Also their competitors are gaining viewership, donations, and more people now know they exist. Its not just a temporary stock fall. It might recover a little as democrats buy a few shares but long term they will have lost much.

Come to think of it, I hope the democrats do buy shares so that they lose the money they need to fund 2024!

 

Yes, in response to what appears to be illegal coordination in violation of our antitrust laws. If they have to spend a bunch of money defending their illegal acts, that's all resources that will not be dedicated to growth and value, so indeed, the market adjusts.

 

Are you saying that you are against liberty? Good to note.

 

Interesting the keyword advertisers shunned being linked with more than Trump is COVID.

Anyway, there will be fallout coming from both sides. The left won't like that conservatives use social media to network and the right will blame them for censorship. Jack Dorsey apparently finds the right objectionable on his social media platform but loves them on on his payment platform Square whose profits are heavily tied to bitcoin which the right likes to pump.

 

You might be right but viewing the free market as driven by political partisanship is not a thought process I'm familiar with, nor care to entertain.

Twitter will survive this in my opinion. What's temporary is the Big Lie. The truth is about to be exposed. Trumpism is dead. It will run around with its head cut off for a time, but it is most definitely dead.

Twitter will adjust to the lost viewership and revenue. The drop in stock price most likely is the result of anger and done in protest. Unless the GOP abandons Twitter, there will always be Republican viewership. I see it as a boycott, not a business trend.

 

Right now there is a market for the Trump name. He can take all his Twitter followers and start his own company. That's a huge "account" for Twitter but it's not a death knell.

Here's the list of the top 50 Twitter profiles by followers. Trump has been removed. He had what, about 90 mil? That puts him about #5. It's a lot, but here's just the top ten:


1--@BarackObama Barack Obama 128 44th President of the United States
2 @justinbieber Justin Bieber 114 Musician
3 @katyperry Katy Perry 109 Musician
4 @rihanna Rihanna 100 Musician and businesswoman
5 @Cristiano Cristiano Ronaldo 90 Footballer
6 @taylorswift13 Taylor Swift 88 Musician
7 @ladygaga Lady Gaga 83 Musician and actress
8 @ArianaGrande Ariana Grande 80 Musician and actress
9 @TheEllenShow Ellen DG 79 Comedian and television hostess
10 @YouTube YouTube 72 Online video platform

List of most-followed Twitter accounts - Wikipedia

 

Neither will be dead.
You will see this less often on businesses, blogs, websites and profiles...

Twitter will now have to share the spotlight and that is bad for the bottom line.

 

I for one am glad Twitter is taking a hit. They deserve it for thier double standard b's.

 

No, not at all. Don't know how you got that. I'm against social media. I mean, if I have to be against something. That was clear, wasn't it?

 

Okay, but I won't have to see any of that. I don't use Twitter.

See the post above yours.

 

Followers don't drive their business like engagement does, and I highly doubt Trump's account has less engagements than Katy Perry.

 

Like I've said, I don't use Twitter. At all. You'll have to tell me what an engagement is.

 

Likes and especially retweets.