Twitter (NYSE: TWTR), (CFVI) – Marjorie Taylor Greene suspended by Twitter; Could other social media platforms get a boost?

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A congressman has been permanently suspended by the social media platform Twitter Inc (NYSE: TWTR). Could this move help stimulate downloads from alternative platforms and strengthen the appeal for uncensored media?

What happened: Representative of the United States Marjorie Taylor Greene saw his personal Twitter account get suspended during the weekend. The suspension was noted as permanent by Twitter and was in response to “repeated violations of our COVID-19 disinformation policy.”

Greene official government Twitter account is still active at the time of writing.

The Republican Representative for the State of Georgia has repeatedly published articles and statistics on the COVID-19 pandemic. Twitter previously announced a COVID-19 policy that describes what can and cannot be tweeted on the topic.

“We have made it clear that, in accordance with our strike system for this policy, we will permanently suspend accounts for repeated violations of the policy,” Twitter said.

Twitter had previously suspended Greene’s account several times in 2021 due to published information about the COVID-19 and COVID-19 vaccines, which led to numerous public complaints from Greene directed against the company.

“Twitter is an enemy of America and cannot handle the truth. That’s good, I’m going to show America that we don’t need them and that it’s time to defeat our enemies, ”Greene said.

Related Link: 7 Takeaways From Donald Trump’s PSPC Deal

Why this is important: Greene is one of many notable people to be suspended by Twitter, with the former President Donald J. Trump most importantly to receive a permanent ban from the social media platform.

The Twitter suspension comes as other social media platforms attempt to lure people to their sites and apps.

When Trump was suspended by Twitter, social media platforms that don’t censor posters saw their downloads increase.

Trump’s new social media platform company announced a SPAC merger with Digital world acquisition company (NASDAQ: DWAC).

Greene announced via an October filing that she had purchased between $ 15,001 and $ 50,000 in DWAC stock. Unusual whales reported, Greene paid $ 94.20 per DWAC share.

Being banned from Twitter and an investor in DWAC could make Greene a strong candidate to be among the top on Social Truth, the new social media platform of Trump Media Technology Group.

Rumble, another social media platform, recently announced a SPAC merger with FC Acquisition Corp VI (NASDAQ: CFVI).

Rumble was built with the belief that all creators should be allowed to express themselves freely. The company is seeking to tackle social media platforms that have “censored” creators and has several banned from Twitter, including Trump, among its users.

“Rumble is designed to be the independent rails and infrastructure that are immune to the cancellation of culture,” Rumble Founder and CEO Chris Pavlovski noted. “We are a movement that does not stifle, censor or punish creativity and believe that everyone benefits from access to a neutral network with diverse ideas and opinions. “

Greene has not announced whether she will join another social media platform yet, but it remains something to watch in the battle to see which uncensored platform will become the primary alternative to Twitter.

Price action: DWAC stock was up 0.67% to $ 51.78 on Monday.

CFVI stock is up 1.57% to $ 11.00 on Monday.

Photo: Courtesy of Flickr

© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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