What Does Banning President Trump Mean for Twitter Stock? Jim Cramer Explains

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What's putting pressure on social media stocks?

Twitter (TWTR) - Get Report followed in the footsteps of Facebook (FB) - Get Report, Instagram, Snapchat (SNAP) - Get Report, and others by suspending President Donald Trump's account permanently over the weekend.

Twitter announced its decision late Friday, citing concerns the President's accounts could be used to incite more violence following a rally in Washington D.C., where Trump continued to claim unproven election fraud concerns to attendees. Following the rally, a mob stormed the Capitol, which led to the deaths of at least five people, including a Capitol police officer.

In the video above, Jim Cramer weighs the impact banning Trump will have on Twitter stock. 

You can follow Jim Cramer and Katherine Ross on Twitter at @JimCramer and @byKatherineRoss. Read more from Katherine Ross here.

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