Did banning Glenn Reynolds kill Twitter?

Glenn Reynolds of Instapundit made a joke on Twitter, whose censors (and yes, censorship is not limited to government) banned him on September 22. After it became obvious that a joke is a joke is a joke, Twitter re-instated him.

This followed the banning of Robert Stacy McCain, Milo Yiannopoulos, and other conservatives. Only conservatives get banned.

Re-instated, Reynolds decided to stop providing as much free content to Twitter, a move other conservatives followed. He kept his account but only to promote his site. Free advertising.

Twitter stock closed at 21.94 on September 23 and showed no ill-effects until this week, when an analyst busted on the company. Seems a lot of key people are jumping ship.

This happens when your CEO plays Social Justice Warrior: your company goes to pot.

Banning Instapundit was a symptom of deeper stupidity.

From CNBC:

Twitter is "toast" as a company and the stock is not even worth $10, according to a research note published Tuesday, following the departure of another top executive at the social media service.

The microblogging platform's chief technology officer, Adam Messinger, tweeted that he would leave the company and "take some time off", while Josh McFarland, vice president of product at Twitter, also said he was exiting the company. Both executives announced their departure on Tuesday.

Meanwhile, last month, Adam Bain stepped down as chief operating officer last month to be replaced by chief financial officer Anthony Noto, who has yet to be replaced. Twitter has also lost leaders from business development, media and commerce, media partnerships, human resources, and engineering this year.

The departures prompted Trip Chowdhry, the managing director of equity research at Global Equities Research, and a noted "uber-bear" on tech stocks, to issue a note on Tuesday claiming Twitter is "toast" and "not even a $10 stock"

Twitter is "toast" as a company and the stock is not even worth $10, according to a research note published Tuesday, following the departure of another top executive at the social media service.

"Many investors were foolishly building (an) investment thesis based on complete stupidity," Chowdhry wrote.

Twitter's share price closed at $17.92 on Tuesday. A $10 price tag would represent a more than 44 percent decline in the U.S. technology company's shares on Tuesday's closing price. It's not the first time that Chowdhry has said that Twitter could fall to $10. In October, the analyst said that next year, the fall is likely to take place.

The purpose of a business is to make money. Period. Social justice is what you do in your spare time.

Much as I do not like the politics of Jeff Bezos, he is smart enough not to ban McCain or any other conservative author. I will do business with Amazon as long as I sell books there. If not, I will make another arrangement. Nothing political, just business.

@@@

Please read "Trump the Press," in which I skewer media experts who wrongly predicted Trump would lose the Republican nomination. "Trump the Press" is available as a paperback, and on Kindle.

For an autographed copy, email me at DonSurber@GMail.com