Furious Mexican Stock Traders Want to Shut Down Twitter to Stop Trump

Saturday, January 14, 2017
By Paul Martin


A group of Mexican stock brokers has come up what they facetiously say may be a brilliant idea: buying up Twitter Inc. and immediately shutting it down to prevent President-elect Donald Trump from bashing the country’s economy using the social media platform.

Calculating that Trump’s tweets about Mexico have had a major impact on the value of the peso, traders, according to Bloomberg, have come up with a cunning plot – to buy Twitter (currently valued at about $12.5 billion) and to take it offline, thus depriving Trump of his social media soapbox.

According to the business news resource, the idea is really more of a joke, although it does have “a certain logic to it.” The discussions began this week after Mexico’s Central Bank confirmed that they had spent $2 billion in reserves trying in vain to defend the peso against a stream of ‘anti-Mexican’ tweets by Trump, mostly having to do with the economy and the need to bring jobs and factories back to the USA.

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