Shares of social media and other tech companies have tumbled, hit by fallout from the siege on the U.S. Capitol supporters of President Donald Trump
Twitter’s stock ended the day down 6.4% after the company on Friday permanently shut down Trump’s account, @realDonaldTrump, which had 89 million followers. The social network cited concerns the president would use it for “further incitement of violence.”
Trump retorted that he’d be “building out our own platform in the near future. We will not be SILENCED!”
There is a growing risk for tech companies, especially those in social media, that Congress will attempt to collar them after last week’s rampage in Washington, D.C.
Section 230 of the 1996 Communications Decency Act shields companies that can host trillions of messages from being sued by anyone who feels wronged by something someone else has posted — whether the complaint is