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Twitter Shares Fall Even More Following Trump Ban


Twitter shares—since President Donald Trump’s permanent ban—slid even more on Monday.

As of Monday at around 11:20 a.m. ET, the San Francisco-based company’s stock was trading at $44.96—dropping about 0.50 percent. Earlier in the day, shares were trading below $44.60.

On Jan. 6, during the Joint Session of Congress, the company’s shares were trading at $53.26. At this point, Twitter is down about 17 percent so far in 2021.

Last week, CNBC analyst Jim Cramer warned that Twitter’s stock could slide even further because of Trump’s ban.
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Ferric67 · M
I like Jim, I watch him regularly. But, he is an entertainer first.
Full disclosure, I am not on Twitter or snapchat or Facebook. Those sort of things have never enticed me, my everyday life is busy enough...I don't have a need to express myself to the masses through the Internet...since I do it so efeciently in person with those that are important to me. I do like this forum though because I am anonymous.
Now, I've watched stocks rise and fall before, only to se them get up and fly. Let's take Tesla. Four years ago I was begging anyone willing to listen to me to buy them. Long story short, anyone who listened would have made something like a 4000% profit. So, what is my point?
I've watched them crash badly over the years only to recover and gain. Twitter will recover, if anything I would take it as an investing opportunity...not that I agree with their politics, I am recognizing that it is an investing opportunity to buy cheaper shares.
When you evaluate stocks you look at their leadership stability, their costs, profits, debt, balance sheet, future projections and guidance. That, plus buyers vs seller, helps determine price....not an outgoing president.
Budwick · 70-79, M
@Ferric67 That's an awful lot of words to say absolutely nothing.
SevIsPamprinYouAlways · 56-60, F
[image deleted]@Budwick
Ferric67 · M
@Budwick I'm good like that. But, really if you buy the shares on this dip you will reap a little coin on the rise.
SW-User
@Ferric67 As somebody who invested €5,000 in Tesla in 2016 I agree with you wholeheartedly. Now if only I'd done the same with Bitcoin😁
Ferric67 · M
@Budwick did you notice yesterday's market? Twitter stock rose a couple of points. FYI, I have been pitching BFT to my colleagues, heck even Cramer did last night. Cheers, you're welcome.
Budwick · 70-79, M
@Ferric67 [quote]did you notice yesterday's market? Twitter stock rose a couple of points.[/quote]

Clearly a solid trend has been established.
Bet the farm!
Ferric67 · M
@Budwick I have bet the farm on BFT 😉
Budwick · 70-79, M
@Ferric67 And, what is BFT?
Ferric67 · M
@Budwick it's a SPAC that will merge with PaySafe, a company that basically controls money for online betting and gaming. Basically, at this moment you are getting it at a pre-IPO price. Once the merger goes through its easily going to double (some say triple), and that's when the real fun will begin. Look it up, Bill Foley Transimene (BFT).
Budwick · 70-79, M
@Ferric67 Cool