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from the twitter-and-facebook-and-twitch-and-snapchat-and... dept.
Twitter permanently suspends Trump's account:
US President Donald Trump has been permanently suspended from Twitter "due to the risk of further incitement of violence", the company says.
Twitter said the decision was made "after close review of recent Tweets from the @realDonaldTrump account and the context around them".
Mr Trump had earlier been locked out of his account for 12 hours.
Twitter then said that it would ban Mr Trump "permanently" if he breached the platform's rules again.
Reacting to the permanent ban, Trump 2020 campaign adviser Jason Miller tweeted: "Disgusting... if you don't think they're coming for you next, you're wrong."
It comes after Mr Trump tweeted several messages on Wednesday, calling the people who stormed the US Capitol "patriots".
Hundreds of his supporters entered the Capitol building as the US Congress attempted to certify Joe Biden's victory in the presidential election. The ensuing violence led to the deaths of four civilians and a police officer.
The siege took place just hours after Trump addressed supporters and told them: "We will never give up; we will never concede."
[...] On Thursday, Facebook said it had suspended Mr Trump "indefinitely". The popular gaming platform Twitch also placed an indefinite ban on the outgoing president's channel, which he has used for rally broadcasts. So has Snapchat.
Two online Trump memorabilia stores were closed this week by e-commerce company Shopify. On Friday, Reddit banned its "donaldtrump" forum for the president's supporters.
[...] The big question now is, can Trumpism survive without the backing of mainstream media? Or will it simply slip into the shadows of the internet?
(Emphasis retained from original.)
Also at Ars Technica, CNET
Full Twitter explanation at: blog.twitter.com
(Score: 2) by Grishnakh on Sunday January 10 2021, @04:28AM
How a corporation can be worth more than the actual assets is insane.
No, it's not. The "value" of a corporation that you're probably talking about is the "market cap", which is simply the sum value of all the shares of its stock, at the current selling price. Yes, this is usually more than the total assets, but for good reason: the assets are never worth that much for any company. The value of a company is what it *can do*, not what stuff it owns.
Let's take a big tech company, like Intel: an alien ship flies over Earth tomorrow, and teleports all the employees and executives of Intel to their ship, and warps away to another star system for some inexplicable reason. The current shareholders now own shares in a company that has no people, only physical, intellectual, and monetary assets. What exactly are they going to do with it all? Can they get back to work making Core i7 and Xeon chips? No, because they have no idea how to: all that stuff is institutional knowledge that resided in the employees. Some of it is written down, but it's probably all encrypted and password-protected, and the people with the passwords are all in the Regulus star system now. Now there's multibillion-dollar fabs sitting idle because no one knows how to run them, no one knows how to get the supply chain going, etc. Intel could have made billions of dollars in revenue this year if the aliens never showed up, but now it won't make any, and it'll take many years to get the company back to normal operation, if ever.
In short, you're forgetting the value of the humans and the organization they're in, their institutional knowledge and experience, all things which you simply cannot place a price tag on. The share price is merely a reflection of what investors think the company is worth, based on its future earnings. This changes over time, sometimes rapidly (and is usually called a "correction" when it falls rapidly, and is said to have been "overvalued" when this happens).
Anyway, no the system is not a house of cards. Publicly-traded corporations have existed for centuries, and the entire nature of investments is that they're only worth what you can sell them to other people for, which is the same as anything really. And considering that investing money in index funds for the DJI or S&P500 have always, over many decades, shown consistent growth, shows it's not some kind of house of cards. Even with the Great Depression in the 1930s, the stock market did come back after a few years. It always does, because our need for the things companies make never disappears.
The Capital storm mob did not loot, burn, and did minimal damage
They murdered one police officer, and sent dozens more to the hospital. They stole materials, including laptops with classified information. Somehow they even somehow knew where some of these items were, even though they were in unmarked rooms that even people who work in the building have trouble finding.
The human loss was due to violent cops. It's called escalation.
Bullshit. The crowd was violent, and armed. It was the cops' job to keep them out of the building, and they failed for various reasons. Luckily, they shot and killed one of the terrorists, but they should have shot many, many more.
Try this sometime: get together an armed, angry, violent mob, and try storming a US Air Force base that holds nuclear weapons. See if the guards let you in, or mow you down with machine guns.
When you attack the seat of government, with the intent of capturing and murdering government officials, then you can expect to be shot and killed, and you deserve it. Every person who stormed that building should be rounded up and tried for sedition, insurrection, and felony murder.