What Would Your Investment in Meta Stock Be Worth Now If You Put $1,000 In When Donald Trump Was Banned From Facebook?
WHAT YOU SHOULD KNOW
- Donald Trump was banned from several social media websites in January 2021 due to his involvement in the Capitol attack.
- Trump has established the Trump Media & Technology Group and is utilizing Truth Social to express his views and opinions.
- Meta Platforms’ stock was trading at $332.46 when the company announced a two-year ban.
On November 15, 2022, Donald Trump declared his intention to seek the US presidency for a third time.
Donald Trump may find it more difficult to reach his supporters due to his recent bans from major social media platforms.
Since Elon Musk took over Twitter, Donald Trump has been allowed back on the platform; however, he is still not allowed on several other social media sites.
On January 6th, 2021, a violent attack occurred at the US Capitol. In the aftermath, Donald Trump was barred from several social media websites due to his involvement in the incident.
The government imposed a restriction on the use of certain social media platforms, including Twitter, YouTube (owned by Alphabet Inc.), and Facebook (owned by Meta Platforms).
On January 7, 2021, Facebook took the unprecedented step of suspending former President Donald Trump’s account. This suspension will last for two years, with the earliest date that Trump will be allowed back on the platform being January 7, 2023.
At this time, Facebook has not made any official announcements regarding the potential reinstatement of former President Donald Trump’s account. Reports suggest that the social media platform is likely to make a decision on the matter soon.
At the time of his election, President Trump was deemed a potential risk to public safety, and it was suggested that his permanent removal from social media platforms could be a possible solution.
In order to challenge the bans and make his presence known on social media, President Trump established the Trump Media & Technology Group. This group is now joining forces with Digital World Acquisition Corporation in order to go public.
President Donald Trump has been utilizing Truth Social, a division of Trump Media & Technology Group, to express his views and opinions. Despite the lifting of his ban from Twitter, President Trump has yet to make any posts on the platform that was once his favorite social media outlet.
On June 4, 2021, Meta Platforms’ stock was trading at $332.46 when the company announced a two-year ban. For those looking to invest, this could be a great opportunity to put $1,000 into the stock.
An initial investment of $1,000 could have bought three shares of META stock. At the current price of $136.98 per share, that $1,000 investment would now be valued at $410.94.
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