* Angela Merkel faults ban
Twitter stock fell as much as 12% on Monday after the social-media company permanently suspended President Donald Trump’s account on Friday evening. The share-price decline wiped $5 billion from Twitter’s market capitalization.
Twitter’s bosses suspended Trump’s account – which had about 88 million followers – after the world leader’s fanning of conspiracy theories about voter fraud and election theft spurred thousands of his supporters to lay siege to the Capitol last week.
“After close review of recent Tweets from the @realDonaldTrump account and the context around them we have permanently suspended the account due to the risk of further incitement of violence,” Twitter said.
The ban followed Facebook’s suspension of Trump for at least the rest of his presidency. CEO Mark Zuckerberg defended the decision in a Facebook post on Thursday, arguing that Trump appeared intent on using his account to undermine a peaceful transition of power and risked sparking more violence.
Twitter stock likely fell because investors are worried the Trump ban will erode interest in the platform and lead to boycotts among those who see the decision as politically motivated and a way to silence a major conservative voice.
Meanwhile, German Chancellor, Angela Merkel, is concerned about Twitter permanently suspending President Donald Trump’s account, her spokesman said on Monday.
Trump and Angela Merkel
Steffen Seibert told reporters in Berlin the chancellor considered the ban “problematic.”
“The right to freedom of opinion is of fundamental importance,” Merkel’s spokesman said.
“Given that, the chancellor considers it problematic that the president’s accounts have been permanently suspended.”
The chancellor agreed with the practice of flagging Trump’s inaccurate posts, Seibert said. However, any curbs on free expression should be decided by the law and not by private companies.
Social media giants Twitter and Facebook moved to permanently suspend Trump’s accounts following the deadly riots at the US Capitol last Wednesday. Five people were killed in the hours-long unrest.
Twitter justified the decision by saying Trump’s tweets could prompt more violence.
Concerns over the implications
Although opinion polls in Germany have shown broad support among the public in Germany over the move to suspend Trump, several politicians and officials in Europe remain unconvinced.
“[The Twitter ban] is problematic because we have to ask on which basis (was it made), on which laws and what does it mean for the future actions of social media platforms?” Jens Zimmermann, a Social Democrat member of parliament told DW.
“We are talking about the head of state of a democratic country. Obviously Donald Trump wasn’t very popular in Germany. But nevertheless, this could happen to somebody else who won an election.”
Zimmermann, who is a member of the German Parliament’s Committee on the Digital Agenda, maintained that it was a problem when one person, the CEO of a company, stops a state leader reaching out to millions of people.
“We need to to come up with regulation. And we need to be careful about what power these platforms have. I think it’s no surprise that Twitter came up with that solution, with 12 days to go until Donald Trump leaves office. And the same applies to Facebook,” he said.
Germany and other European countries have grown increasingly concerned about the power of social media companies to shape public discourse.