Twitter stock falls after Trump ban

Twitter’s stock fell roughly 7 percent on Monday following the company’s decision Friday evening to permanently ban President Trump from the platform.

The financial impact came after the social media giant took the unprecedented step to close Trump’s account, saying his posts pose “the risk of further incitement of violence.”

Facebook, which did not go so far as to permanently shut Trump’s account but has banned him until at least the transfer of power, only saw about a 3 percent drop in stock Monday.