***To read the full blog, please check out the complete post on NewsBusters***
In recent days, the stock prices for major social media platforms like Twitter and Facebook have taken truly massive hits, which were partly driven by the issue of censoring conservative political speech. Last week, Facebook to a colossal $120 billion stock hit (the largest ever in history). And during an appearance on Fox Business Network’s After the Bell, Media Research Center President Brent Bozell predicted that such hits were “going to get worse”.
“It’s been a rough week in general, last week or so for these technology companies, Twitter Facebook, Snapchat, their stock prices, this issue, the censorship issue, Silicon Valley-wide issue, Twitter-specific, how do you view it,” wondered Fox Business host Connell McShane.
Bozell’s response noted that those large stock market hits to social media companies were due to people losing confidence in the platforms that showed examples of political censorship against conservatives:
Well, I think it definitely is. It’s got to be an issue in there. It's a loss of confidence. When the public has loss of confidence. The public is not going to want to use these venues unless they have to. Facebook is being hurt tremendously by this issue of censorship. Now it is Twitter. And I would submit to you, that Twitter is worse than Facebook. So, I think it’s going to get worse. I hope I'm wrong, by the way. I hope I’m wrong, but I don't think I am.
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