iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
20,793 Blog Posts

The Banning of Trump Will Not Hurt Twitter Shareholders

Bookmark this post. Twitter ended Friday above $51, +220% since Trump got elected.

Last night the comrades at Twitter sold short MAGA and canceled Trump and endless other MAGA accounts, causing people to flee towards Gab and Parler. On the issue of Parler, google banned them from their store and Apple promised to ban them today, should they not start censoring posts on the platform. Let’s be clear so we’re not deluding ourselves here: free speech was never a reality, certainly not for ultra rich, ultra entitled tech titans. They do as they like and that’s just the way it is.

But Twitter is a global platform with bigger fish to fry than outspoken Trumpers. And let’s be honest, people are addicted to social media and crave to be heard. More than that, they crave to feeeeel like they’re doing something important with their lives.

You don’t have to participate in their systems. No one is forcing you to feel the need to be heard on social media. Prior to 2007, no one even knew what Twitter was and it certainly wasn’t something that could be conceived as a tool to enact a coup, which by the way is the most overused word the last 4 years. There wasn’t a fucking coup attempt by the ‘Stop the Steal’ folks at the Capitol this week. That was a bunch of cosplaying men and women falling victim to group think, the way mobs react when something is in motion. If you were ever a rambunctious child and did stupid things with your stupid friends, you know exactly what I mean. There wasn’t an armed attempt, nor military styled operational tactics used, just people who felt disaffected.

I predict the share price of Twitter will be more or less unaffected by this purge inside of a month because time heals all wounds and Americans have very short memories and rarely could resist the temptation for a quick dopamine fix.

If you enjoy the content at iBankCoin, please follow us on Twitter

30 comments

  1. irma vep

    People had dangerous weapons and impetus. People died. Maybe not a planned coup but an accidental one. It figures that Trump could only plan an accidental attempt at a coup. He’s clueless. Don’t fall victim to apathy over this. I sense a collective apathy out there.

    • 2
    • 6
    • 0 Deem this to be "Fake News"
  2. heckler

    You stated the banhammers by banned iBC’s one little narcissist

    • 1
    • 1
    • 0 Deem this to be "Fake News"
    • my pillow guy

      Ban all the fascist antifas!

      • 2
      • 0
      • 0 Deem this to be "Fake News"
    • 2 chainz

      Of all the long time posters, you are truly a good person and perhaps deserves the whole truth more than anyone else.

      The original purpose of “narcist” (derived from a random Flyism “narcism”) was to share what he knew at the onset of the COVID epidemic, especially from his real-life friends at the Intercontinental Exchange located in his Atlanta-suburb neighborhood. (All the important traders he knew were short back in March.)

      Then Minneapolis/George Floyd happened, and there were more to be said.

      The climax of the 2020 events will be remembered by most as Trump getting banned everywhere. The Confederate flames are slowly being extinguished as we speak, and “narcist” was no longer a necessary character (a la “Lyndon” baiting for a perma-ban at the end of 2018).

      Unlike what Hillary said before, I do think that very few people are irredeemable. So I absolutely intend to use my time and money for the more constructive pursuits (and, regarding iBC, only post when important things about the markets should be communicated).

      • 0
      • 3
      • 0 Deem this to be "Fake News"
      • emersonlakepalmer
        emersonlakepalmer

        Ok dickwad

        • 3
        • 0
        • 0 Deem this to be "Fake News"
        • 2 chainz

          At least a dickwad with a clear enough conscience to make a donation to the slain Capitol Police officer.

          I don’t care if he was a Mongolian transvestite who voted Republican his whole life. He did not need to die for that Klown charade.

          • 0
          • 2
          • 0 Deem this to be "Fake News"
          • emersonlakepalmer

            How many donations did you make to the 3,577 young men & women that lost their lives in Afghanistan?

            • 2
            • 0
            • 0 Deem this to be "Fake News"
          • 2 chainz

            I have zero liability to those deaths caused by GWB’s neocons.

            I did troll the Klansmen (who were waving the Confederate flag inside the Capitol building) and the Proud Boys.

            • 0
            • 0
            • 1 Deem this to be "Fake News"
          • The_Swede

            Let me guess. You’re always right. Never wrong. What about the young woman gunned down because she broke a window to enter the capital. When lefties were doing it during the riots, corporate leaders said it was ok because merchandise could be replaced. But not for a Trump supporter. The double standard held by the left is a mental illness.

            • 2
            • 0
            • 0 Deem this to be "Fake News"
          • 2 chainz

            You guessed me wrong. (I am not always right.)

            Said young woman inserted herself in a violent mob who not only damaged public properties but literally defecated in Capitol hallways. She got the poetic justice she deserved.

            I do not condone looting. Not at all. I strongly support the prosecutions of the criminals for the crimes they committed. I also support the prosecutions of all the wrongful deaths caused bad cops who think they have licenses to kill without repercussion.

            So where is the double standard?

            • 0
            • 0
            • 0 Deem this to be "Fake News"
          • 2 chainz

            Also, blue do lives matter. That should include the slain officer.

            • 0
            • 0
            • 0 Deem this to be "Fake News"
          • 2 chainz

            *blue lives do matter

            • 0
            • 0
            • 0 Deem this to be "Fake News"
          • 2 chainz

            And whatever happened to Law & Order?

            Double standard much?

            • 0
            • 0
            • 0 Deem this to be "Fake News"
  3. zusch

    can you post some fleets again? miss them

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  4. purdy

    19 years of their lying us into debt-fueled wars ..with no consequences ..may have made them too cocky here. Still, I hope you’re right …that clogging the safety valve of speech so abruptly isn’t as dangerous as I fear.

    If the wars were sadism, censoring speech may be termed national suicide.

    • 5
    • 2
    • 0 Deem this to be "Fake News"
  5. tradercaddy

    Sorry for this short break from politics. Got the Moderna Covid vaccine yesterday and not even a sore arm today so I joined my tennis group today for a bunch of tennis as they reopened our courts after resurfacing (cay courts). Everybody was there except Shuffling George as he is still dead from having a stroke two years ago.
    Plus I had 5 aces. My wife calls me a tennis bully. Everybody showed:
    Beer Belly Bob- speaks for itself
    Diabetes Steve- Can’t run, so overweight.
    The Fugitive- a former Federal Judge who lost his arm in Vietnam who is better than most people with both arms
    Miami Rick- still can’t remember the score as a surgeon drilled into his head last year
    Golden Gloves Steve (from Jersey)- ran into him going for the ball, like a boulder.
    NYC Cop Frank- very jumpy. I think he pulled NYC subway patrol. That will do it.
    Lefty Steve- still swings like he is playing badminton
    Doris- cusses like a sailor. Used to manage a brewery in NH
    Magda from S. Africa- about 80 years old and cheats all of the time
    NYC Cop Barry- He is jumpy too. Always looking around his shoulder.
    Fun group.

    • 2
    • 0
    • 0 Deem this to be "Fake News"
  6. barbee

    Trade the POLICY not the POLITICS.
    It’s a fine line between the two where politics is emotional, policy is more calculated (and far more important).
    Best of luck to us all!

    • 1
    • 0
    • 0 Deem this to be "Fake News"
  7. moosh

    Interesting that Fly is basically saying TWTR is a buy on weakness as his account sways in the woke winds from being temporarily suspended to full blown banned

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  8. indexjoe

    Shorting twitter cause Trump got banned is like shorting $TSLA cause a car started on fire. Crazy.

    • 1
    • 0
    • 0 Deem this to be "Fake News"
  9. one-eighty

    How are the medical insurance companies affected by the pandemic?
    Premiums will go up for sure.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  10. purdy

    Re AMZN: Even if you’re unwilling to straight-up ban Amazon …just spend a couple minutes searching, you can usually find a price for stuff that is as good or better than theirs.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  11. trumpmeister

    Haven’t been grounded yet. Will now use mah billions and short the USD to oblivion as my parting to Sleepy Joe

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  12. roguewave

    i have not verified this
    @Citibank says it will “not support candidates who do not respect the rule of law” and will “pause contributions” to the GOP members who objected.

    Liars!

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  13. purdy

    Dollar strong …hanging man …the stars may be aligned for Russell to come in.

    • 0
    • 0
    • 0 Deem this to be "Fake News"

Leave a Reply