A few days ago,
the venerable business newspaper Barron’s ran pictures of Trump and Sanders on
its cover with this headline: Are They Killing the Market? The article was the usual claptrap from market
observers, hastily assembled. The intent was obvious, to influence South
Carolina voters, with orders coming from the executive suite at News
Corporation. (With weightier matters on his mind, Mr. Market responded by
lurching to the upside; the influence of Barron’s may be fading.)
But the stock
prices of certain companies needed killin’, to paraphrase a murder defense from
the Old West. Case in point: Twitter (symbol TWTR), which traded over $70
shortly after its initial public offering and remains under $20 despite a
recent spurt. User growth is stagnant and likely
to decline as censorship issues gain traction. The company recently instituted
a “Trust and Safety Council,” ostensibly to protect tweeters from spam and
abuse. Of course, every loon leftist group has a seat; un-PC types and free
speech advocates are not welcome. That is Twitter’s privilege.
Examples of the
council’s handiwork have popped up. Brietbart Tech editor Milo Yiannopoulos
(@nero) was stripped of his verification status (the blue checkmark) before he
broke new ground on the subject, citing sources:
Late last week,
Twitter suspended the account of conservative journalist and blogger Robert
Stacy McCain, who disdains feminists. Other liberal groups will be eager to
attack opinion-makers because they can’t win any argument on a level playing
field. Listen to Mr.
Market: Support alternative platforms and short Twitter to $0.00.
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