Twitter without Donald Trump tumbles along with other tech shares

Shares of social media and other tech companies slid on Monday, hit by fallout from the siege on the US Capitol by supporters of President Donald Trump.

Twitter’s stock ended the day down 6.4 per cent after the company on Friday permanently shut down Trump’s account, @realDonaldTrump, which had 89 million followers.

The social network cited concerns the president would use it for “further incitement of violence”. Trump retorted that he would be “building out our own platform in the near future. We will not be SILENCED!”

There is a growing risk for tech companies, especially those in social media, that Congress will attempt to collar them after last week’s rampage in Washington, D.C.