Twitter Doesn’t Need Trump

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Twitter (NYSE: TWTR) shares pulled back 6.4% on Monday after the social media company banned President Donald Trump permanently from its platform Friday evening.

The decision came after last Wednesday’s rioting in and around the Capitol building, and after President Trump continued to “incite violence” on Twitter, as the company explained in a blog post on Friday.

Not surprisingly, there was a swift backlash from several right-wing figures, who assailed the move as a crackdown on free speech. Many of those protesting Twitter’s action say they have joined competing sites like Gab and Parler, the latter of which faced problems of its own after several other tech companies refused to do business with it over its role in the Capitol building attack.

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