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Tech Under Pressure After Parler Goes Dark, Twitter Drops

  • Social media networks face scrutiny over role in Capitol riots
  • Events raise pressure to regulate content on tech platforms
Bloomberg business news
Tech Faces Backlash With Trump Twitter Ban, Parler Offline
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Technology companies tried to contain a mounting backlash against their social media sites, with shares of Twitter Inc. and Facebook Inc. falling in early trading and rival platform Parler forced offline by Inc.

Many conservatives said the moves to expunge President Donald Trump from the social networks and take down an app popular with his supporters went too far. Twitter was down about 5% Monday morning, reflecting shareholder uncertainty about the permanent removal of one of the site’s biggest accounts and the legislative consequence that could follow. Facebook’s share were down 3%.