Former President Donald Trump blasted Twitter as a “BORING” platform Friday after the company’s stock tumbled from missed growth expectations.
“Twitter stock ‘plunged’ as results are no longer cutting it for investors,” Trump wrote in a statement Friday night, as shares dropped 11 percent since after trading hours on Thursday.
Shares are off 15% today. Bad forecasts are hurting the outlook but more importantly, in my opinion, it has become totally BORING as people flock to leave the site. Michael Nathanson stated, ‘the math doesn’t make sense’ as he lowered his price target. I guess that’s what happens when you go against FREEDOM OF SPEECH! It will happen to others also.
Trump was kicked off the platform in January after a group of his supporters ransacked the U.S. Capitol, which triggered a progressive purge from Twitter and other platforms in attempt to excommunicate the outgoing president. Facebook followed suit, banning the president Democrats sought to punish with a second impeachment attempt on exit.
Parler meanwhile, a free speech branded alternative to Twitter, went temporarily offline after Silicon Valley tech giants worked in concert to take down the competitor. Apple and Google stripped Parler from their app stores and Amazon removed the platform from its web hosting service.
While Twitter’s first-quarter earnings beat expectations, the company missed a new user goal, sending stock tumbling downward.