Former President Donald Trump took aim at Twitter after their stocks plummeted more than 15 percent on Thursday, according to The Blaze. Twitter removed Trump from the platform in the aftermath of the 2020 election, and it appears that it wasn’t the greatest business decision.
Trump’s comments came in the form of an official statement where he hypothesized as to the reason Twitter’s stock took a dive, saying that the platform just wasn’t effective any longer.
“Twitter stock ‘plunged’ as results are no longer cutting it for investors. Shares are off 15% today,” read the statement.
“Bad forecasts are hurting the outlook but more importantly, in my opinion, it has become totally BORING as people flock to leave the site.
“[MoffettNathanson analyst] 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.”
The company’s stock bottomed out on Thursday, going from $65.09 to $55.22 on Friday after they reported their earnings.
This after the platform blocked the then-president from his account after the Capitol Hill riots of Jan 6., saying that he played a part in inciting the violence.
The president has since stated that he feels they did him a favor since he prefers to send statements instead of tweets, but he has also said that he is considering creating his own social media application to fill the vacuum left where conservatives are often unable to post.
While the president hasn’t launched any such app as of yet, it is something many conservatives are waiting on with bated breath, considering it their next way of supporting the former president and his mission that so many feel was cut short.