Comment by totalZero
5 years ago
It does impact the stock, and that's likely a part of the reason it took Twitter so long to take even the smallest action against his violations of their rules. The President is using the threat of allowing social media companies to be held liable for their content, as retaliation against Twitter. The stock was down 4.5% yesterday and is trading lower in the pre-market session.
To be honest I actually think this has a lot more to do with the fact that Dorsey has been an absent CEO. The only person who really has the authority to pick this fight is Dorsey and he hasn't been engaged enough in running twitter to care. This was observed through all sorts of side-effects where Twitter was basically failing to innovate for the past few years. Now the activists got involved and forced Dorsey into actually running the company he's finally in a position to pay attention and act on these things.