Twitter became an outsider of S&P 500
Twitter's shares have shown the steepest decline of all companies in the S&P 500 Index. Since the beginning of the year, they have fallen by more than 10%, while the index itself over the same period has added 2,5%. Investors sold off the social network after it began detecting political leanings and blocked the account of Donald Trump (then still the current U.S. president) as well as the accounts of his many followers. According to Rosenblatt Securities, the move would negatively affect Twitter's financial results this year. The management of the social network already has little time to fix them, analysts say. А Argus Research Company believes that Twitter is likely to lose millions of users who have been actively using this platform. Facebook also shows negative dynamics. Last week, its securities on NASDAQ lost more than 8% since the beginning of the year after a similar ban on its part, as well as the announcement that the personal data of WhatsApp users will be transferred to Facebook (which owns the messenger). It should be noted that Facebook executives acted swiftly after the significant capitalization losses (-$41 billion) that followed the blocking of Trump's account, and unblocked it early without any comment.