CNBC presenter Jim Kramer offered a terrible warning to Twitter on Monday amid the aftermath of the tech giant’s decision to ban President Trump from the social media platform.
Squawk on the Street co-founder Carl Quintanila said on Monday morning that Twitter was the only large company whose stock price had fallen significantly during market hours, losing more than 7% of its value since the president was ousted on Friday. (Twitter’s share price fell 6.41% when the market closed on Monday.)
Kramer responded by explaining how important Trump has become to the social media company since he became president.
“I think there were a lot of people who literally knew that the president was the most important person and that you would have to keep checking him out,”
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Kramer said the “surprise factor” presented by Trump on Twitter “is gone.” The CNBC star suggested that he had not checked the platform as urgently as before before the president’s forced departure.
“I believe, Carl, Twitter has to come up with a new thesis very, very quickly, because I think always – they’ve never talked about Trump’s power to attract people,” Kramer continued. “I tell you [@]realDonaldTrump was a great Twitter seller. “
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After Trump’s brief stint following Wednesday’s violence on Capitol Hill, Twitter announced Friday night that the president would no longer be able to write on Twitter.
“After a careful review of recent tweets from the @realDonaldTrump account and the context around them – in particular how they are received and interpreted on and off Twitter – we have permanently suspended the account due to the risk of further incitement to violence,” the company said in a statement. blog.