If You Invested $1,000 In Meta Platforms And Twitter When They Banned Donald Trump, Here's How Much You'd Have Now

Zinger Key Points
  • Donald Trump was banned from Facebook and Twitter in January 2021.
  • The former president could be welcomed back on both platforms in the future, depending on an acquisition and a 2023 ruling.
If You Invested $1,000 In Meta Platforms And Twitter When They Banned Donald Trump, Here's How Much You'd Have Now

Former President Donald Trump was banned from several social media platforms in the wake of the Jan. 6, 2021 attack on the U.S. Capitol.

Here’s a look at what’s next for Trump in the social media world and how investors would have done investing in social media stocks that banned the former president.

What Happened: Social media platform Twitter Inc TWTR announced a permanent ban of Donald Trump on Jan. 8, 2021. The ban came after the social media platform pointed to Trump’s role in the Jan. 6 attack on the U.S. Capitol and the potential for more violence.

“After close review of recent tweets from the @realDonaldTrump account and the context around them – specifically how they are being received and interpreted on and off Twitter – we have permanently suspended the account due to the risk of further incitement of violence,” Twitter said at the time.

Trump could be welcomed back to the Twitter platform if Tesla Inc TSLA CEO Elon Musk's acquisition of the platform, which is in litigation, comes to fruition. Musk has been a proponent of free speech on the platform and said permanent bans should be “extremely rare” and reserved for spam accounts.

“I do think that it was not correct to ban Donald Trump,” Musk said. “I think that was a mistake, because it alienated a large part of the country and did not ultimately result in Donald Trump not having a voice,” Musk said.

Prior to his suspension on Twitter, Trump had 89 million followers, which would rank him eighth on the platform today.

Facebook, owned by Meta Platforms META, announced a ban of Trump on Jan. 7, 2021. The company later announced the ban would be for two years and open-ended in a ruling issued on June 4, 2021. Facebook recently said it would not review its two-year ban until Jan. 7, 2023 at the earliest.

While Trump is banned from posting on platforms like Twitter and Facebook, he can make posts on Truth Social, a platform owned by his own Trump Media & Technology Group. Known as TMTG, the company announced a SPAC deal with Digital World Acquisition Corp DWAC in late 2021.

Truth Social and Digital World Acquisition faces challenges ahead with several investigations tied to the platform and news out Thursday that the trademark for Truth Social was denied by the U.S. Patent and Trademark Office.

Digital World Acquisition also has an upcoming shareholder meeting to vote on an extension for the SPAC deadline. Without the extension, the company will have until March to complete its merger or face liquidation.

Here’s a look at how Twitter, Meta Platforms and Digital World Acquisition have performed.

Related Link: Donald Trump Added The Patent Office To List Of Government Agencies He's Fighting

Investing $1,000 in TWTR, META, DWAC: Twitter announced a permanent ban for Trump on Jan. 8 after the market close. A $1,000 investment on the following Monday (Jan. 11, 2021) at the open could have purchased 21.24 shares. The $1,000 investment would be worth $871.90 today, a 12.8% decline.

Meta Platforms announced a ban on Trump on Jan. 7, 2021. A $1,000 investment at the time could have purchased 3.76 shares. The $1,000 investment would be worth $634.61 today, a 36.5% decline.

Trump being banned is likely not the only reasons the companies have seen shares fall, with major technology stocks seeing drops in 2022 on macro issues and earnings.

On the flip side, an investor who purchased shares of Digital World Acquisition after the SPAC deal was announced could have done better.

The SPAC deal was announced after market close on Oct. 20, 2021. A $1,000 investment in Digital World Acquisition shares at open on Oct. 21, 2021 could have purchased 78.55 shares. The $1,000 investment would be worth $2,310.94 today, an increase of 131%.

Photo via Shutterstock.

Posted In: Donald TrumpElon MuskFree SpeechPresident Donald TrumpSocial Media Platformssocial media stocksTrump Media & Technology GroupTRUTH SocialNewsSocial MediaEducationPoliticsSmall CapGeneral

11 Best Black Friday Deals on Amazon

11 Best Black Friday Deals on Amazon

The best Black Friday deals from Amazon are still coming hard and fast because the holiday is not yet upon us and the mega-retailer prefers to keep consumers on the hook for as long as possible—spending as much money as possible. 

To that end, here are some of the best Black Friday deals from Amazon that you might want to consider today.

Calphalon 10-Piece Pots and Pans Set

Regular Price: $172

Sale Price: $138.88

Calphalon’s 10-Piece Pots and Pans Set is designed with stainless steel, stay-cool handles along with pour spouts. The nonstick surface is PFOA-free and built with hard-anodized aluminum that is both durable and conducts heat extremely well. The set includes 2 fry pans, a sauce pan with cover, saute pan with cover and large stock pot with cover.

Apple AirPods 2nd Generation

Regular Price: $144

Sale Price: $85.49

The 2nd Generation AirPods from Apple connect to all Apple devices and give you an enhanced listening experience. Plus, they come with a case that keeps them safe and allows you to charge them in a secure environment. With over 24 hours of battery life, access to Siri and easy setup, you can start listening to your favorite tunes or podcasts today.

Adidas Ultraboost 21 Running Shoes

Regular Price: $129.98

Sale Price: $89.98

The Adidas Women’s Ultraboost 21 running shoe is perfect for anyone who likes a short run, maybe a 5K, half marathon or more. Coming in several colors and styles, you can slip these shoes on, enjoy the cushioned outsole, sink into the supple insole and secure laces.

Ninja AF101 Air Fryer

Regular Price: $129.99

Sale Price: $97.83

The Ninja AF101 Air Fryer allows you to crisp, roast, reheat and even dehydrate food products faster and cheaper than ever before. It has a 4-quart capacity and offers a wide temperature range along with several time settings so that you can customize each dish to your needs. Plus, all the parts are dishwasher safe.

Beats Solo3 Wireless On-Ear Headphones

Regular Price: $199.95

Sale Price: $99

Beats by Dr. Dre are among the best headphones on the market, and the Solo3 Wireless On-Ear Headphones include the Apple W1 chip, Class 1 Bluetooth and 40 hours of battery time. These headphones even have a built-in microphone and offer an adjustable fit so that you can be comfortable whether you’re listening to an Android or iOS device.

Hoover Power Scrub Deluxe Carpet Cleaner

Regular Price: $198.98

Sale Price: $175.98

The Hoover Power Scrub Deluxe Carpet Cleaner allows you to keep your home spotless and clean up after your pets. The cleaner comes with the Hoover Paws and Claws Deep shampoo and a storage mat to keep the floor dry once it’s put away.

LG CordZero Auto Empty Cordless Stick Vacuum

Regular Price: $999.00

Sale Price: $851.71

The LG CordZero Auto Empty Cordless Stick Vacuum and Wet Mop All in One Tower is designed to work in homes with several pets or children and clean up all the messes that life brings. The battery lasts up to 2 hours, and there’s an extra removable battery that gives you even more cleaning time and power.

Breville Fresh and Furious Blender

Regular Price: $278.60

Sale Price: $199.95

Breville, a top name in blenders and juicers, offers the Fresh and Furious Blender, featuring 50-ounce capacity, Vac Q technology, pre-programmed cycles, LCD display and lid with pull ring. With the Fresh and Furious Blender, you can make everything from a smoothie to a soup and everything in between.

Hot Tools Professional 2000 Turbo Ionic Hair Dryer

Regular Price: $89.99

Sale Price: $55.63

The Hot Tools Professional 2000 Turbo Ionic Hair Dryer is designed for professional use, but it works perfectly in the home. With 1875 watts of power, 6 heat and speed settings and a lightweight design, you can easily style your hair and utilize the diffuser, cut back on the frizz and stretch the 8 ft cord for maximum functionality.

Columbia Heavenly Long Hooded Jacket

Regular Price: $160

Sale Price: $97.38

The Heavenly Long Hooded Jacket from Columbia is designed to be light for everyday use, but it’s heavy enough to protect you from the cold. The plush fleece lining, security pocket, water resistant fabric, 2-way zipper, and zippered hand pockets make the jacket both protective and functional.

ConAir InfinitiPro Hair Dryer

Regular Price: $49.99

Sale Price: $29.99

ConAir is one of the biggest names in hair and beauty, and the InfinitPro is an 1875 watt hair dryer designed for professionals with ceramic technology. The dryer comes with a diffuser and concentrator, and it allows you to blow out your hair just the way they would at the salon.

Deals the Experts Are Hoping For

Experts believe that Amazon’s Black Friday sale could linger for quite some time. It all started with the Prime Early Access sale on October 11 and 12. Previously, Amazon has offered the “Epic Deals” sale that ran through late October. 

This is to say that any sale could come up at any time. 

Even so, those monitoring Amazon are looking forward to a few potential deals, including:

  • Apple Watch
  • AirPods (any generation)
  • MacBook Pro
  • Large, underpriced TVs
  • Amazon Echo
  • More small home appliances (Dyson or Shark vacuums, Instant Pots, etc.) 

While these predictions are based on last year’s Amazon Black Friday Sale, it’s important to remember that most Black Friday sales are fairly consistent and push the products that are most likely to sell.

 

Featured image sourced from Shutterstock

Posted In: Partner ContentGeneral