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Alphabet Inc. (NASDAQ:GOOGL) (NASDAQ:GOOG) subsidiary YouTube announced late Tuesday it has banned outgoing President Donald Trump’s account from uploading new content for a period of seven days.
What Happened: The video-streaming platform also said it had deleted some new content posted by Trump’s account for violating its policies.
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YouTube said it took the decision “in light of concerns about the ongoing potential for violence” and described its action as first strike.
The company added that “given the ongoing concerns about violence, we will also be indefinitely disabling comments on President Trump’s channel, as we’ve done to other channels where there are safety concerns found in the comments section.”
Why It Matters: YouTube’s action comes in the aftermath of Trump’s supporters rioting at Capitol Hill last week. A string of social media platforms including Twitter Inc. (NYSE:TWTR), Facebook Inc. (NASDAQ:FB), and Snap Inc. (NYSE:SNAP) moved to take action against the outgoing president.
See Also: Twitter Boots Trump, Stock Falls: What Investors Need To Know
Price Action: Alphabet Class A shares closed 1% lower at $1,737.43 on Tuesday and Class C shares closed 1.1% lower at $1,746.55.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.