Current Events

Social Media’s Night of the Long Knives

Dorsey and Zuckerberg lost nearly $5 billion after Trump’s account blocked. The fortune of the head of Twitter Jack Dorsey and the founder of Facebook Mark Zuckerberg fell by almost $ 5 billion in a single day. Earlier, social networks decided to block the accounts of Donald Trump, after which the shares of companies began to fall rapidly. It gets worse for the dual-passport holder Mark Zuckerberg. Twenty-five million new users joined Telegram messenger in the first 72 hours alone, the messenger’s founder Pavel Durov said Tuesday. ‘In the first week of January, Telegram subscribers surpassed 500 million monthly active users.

GAB, the fastest growing social media was forced to avoid being de-platformed by creating its own server. GAB is struggling to cope with the numbers fleeing from Facebook. It is reported that in just two days GAB added more new subscribers than it had accumulated over the past four years.

The Ugandan nation has blocked Facebook for its interference in the nation’s elections. In the United States, several states have blocked Facebook; seemingly a trend that displeases the once monopoly.

The fortune of Twitter co-founder and CEO Jack Dorsey on Monday fell by $ 843 million and, according to the Forbes Real-Time rating, which is updated in real time, it was $ 12.1 billion. Mark Zuckerberg’s fortune, which lost $3.9 billion in a day, also significantly decreased.

According to Forbes Real-Time, the founder of Facebook is now worth $94 billion. Earlier, the administrations of Twitter and Facebook decided to block the accounts of the current US President Donald Trump. Twitter executives deleted his account permanently, accusing him of ‘inciting violence’ in connection with the January 6 events in Washington, when Trump supporters (alleged) stormed the congressional building and tried to disrupt the approval of the presidential election. The company explained that Trump’s comments on social media could provoke repeated attacks, including on the day of the inauguration of election winner Joe Biden. In response, Trump accused Twitter of conspiring with his political opponents and said he would explore the possibility of creating its own online platform.

Facebook and his Instagram have frozen Trump’s personal pages indefinitely. Zuckerberg noted that the current president will not have access to accounts ‘at least until the peaceful transfer of power is completed,’ stressing that he considers it unacceptable to use social media to ‘incite rebellion against a democratically elected government.’ This mantra was never chanted and chortled when scores of prominent Democrats openly supported the notorious Black Lives Matter and Antifa cults who bayed for the overthrow of the democratically elected government of the United States.

At the close on January 8, Facebook shares were trading at $267.57, at the close of trading on Monday, they were worth $256.84 (a drop of almost 4%). Twitter shares on January 8 at the close of trading were worth $51.48, on Monday they traded at $48.18 (down 6.4%). Source

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