Twitter shares dive 7% after Trump account suspension


The suspended Twitter account for U.S. President Donald Trump's campaign @TeamTrump is seen in this screengrab obtained via social media on January 8, 2021. Twitter via REUTERS

(Reuters) - Shares of Twitter Inc slumped 7% on Monday, on course to knock off about $2.5 billion from the market value of the social media company after it permanently suspended the account of U.S. President Donald Trump.

The slide came as some Republicans hit out over the weekend at the platform for gagging one of its most watched participants, with traders also pointing to signs that the affair was further fuelling calls for greater regulation of Big Tech.

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