US President Donald Trump is certainly going through hard times. However even despite constant attacks of the opponents and recent misfortunes, he is still a formidable force.  The social media giant has recently decided to delete President Trump’s account indefinitely in an attempt to prevent further violence. However, its decision has backfired. Twitter’s stock price dropped significantly.

Following the news of the ban, Twitter shares almost immediately plunged by 7.54% on the New York Stock Exchange. Twitter still does not intend to unblock Trump’s account due to the risk of further incitement of violence against a democratically elected government. Therefore, the ban is likely to last at least until Joe Biden is sworn as president next week.

Of course, Trump denies such accusations arguing that in his tweets, he does not see calls for riots. However, the majority believe that his reaction to the mob at the Capitol shows clearly that Trump fully supports the protesters. In addition, Twitter strongly opposed Trump's refusal to go to Biden's inauguration on the grounds that the election was not legal.

Notably, Trump is well-known for his penchant for social networks which he uses as his personal megaphone. Throughout the presidential term, he has actively been using his personal account on Twitter with almost 89 million followers. After his account was blocked, he tried to publish posts on the official account of the President of the United States but the social network almost immediately deleted those posts.