US Capitol Riot: Tech Companies Face Backlash For Taking Action Against Trump, Twitter Shares Dip

In the wake of suspension of Trump account, the micro blogging site witnessed a sharp drop in the company's shares, which fell by more than 6% on Monday

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US Capitol Attack: Tech companies including Amazon, Twitter and others have braced up for a fresh backlash after they took action against the US President Donald Trump for inciting violence and other websites for glorifying the Capitol Hill riot. Micro-blogging site, Twitter has suspended Trump’s account citing “the risk of further incitement of violence” following the US Capitol Hill siege and the unrest that followed. Even Facebook followed the suit and frozen Trump’s accounts.  The social media giant also company banned the phrase “stop the steal” altogether, citing use of the term to organize events contesting the outcome of the US presidential election that have a propensity for violence. Twitter shares dip The permanent suspension of Trump's account by Twitter has led the company witness a sharp drop in its shares, which fell by more than 6% on Monday. Besides the stock being impacted by the suspension, the company was also geared up for protest outside its San Francisco headquarters, a demonstration that the president's supporters have sought to organize on pro-Trump forums in recent days. However, the protest seem to have fizzled out Monday with just a handful of the US president's supporters present. As per the Washington Post, Messages posted this weekend on popular far-right forum TheDonald.win had called on pro-Trump activists to assemble outside the tech giant's offices, which are largely deserted as staff work from home due to the pandemic. One user can be urged participants to bring zip ties to "citizen arrest violent agitators," the San Francisco Chronicle reported. Both leaders in Facebook and Twitter asked its employees to lower their social media profiles with some workers also getting security and death threats owing to the ban. Amazon also faced a new lawsuit from Parler, an alternative social network that had become a safe zone for Trump's backers. Amazon Web Services, which provides cloud computing services, suspended its relationship with Parler on Monday in a move that removed it from the web- prompting Parler to allege that Amazon had acted unlawfully. This also led to Amazon shares dipping marginally. The series of ban has given way to an intensifying clash between Washington and Silicon Valley in the days since Trump's inciting comments about the 2020 election helped spark a riot that forced the US Capitol into lockdown and left five people dead.