In the news: Social media and the markets

Social media companies and their value have been making headlines recently
by Sophie Mackenzie

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On 16 July 2006, TechCrunch covered the launch of a new service called Twttr, which it described as “a sort of ‘group send’ SMS application”. Four months earlier, the user @jack, co-founder Jack Dorsey, had sent his first message on the platform. Since then, what has become known as Twitter has made headlines for various reasons: its 2013 IPO, when it ended the day up 72.84%, and subsequent poor performance when shares dropped below their IPO price; the ‘Wagatha Christie’ libel battle between footballers’ wives Coleen Rooney and Rebekah Vardy, which is still being fought in the UK courts; and the platform’s seismic banning of then-President Donald Trump in January 2021.

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Published: 03 Dec 2021
Categories:
  • International regulation
  • Integrity & Ethics
Tags:
  • India
  • Hong Kong
  • China
  • networking
  • Facebook

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