LIVE STREAMING
Trump's suspened Twitter account. Photo: Jakub Porzycki/NurPhoto
Trump's suspended Twitter account. Photo: Jakub Porzycki/NurPhoto

No coup without consequences part two: Trump and others lose corporate support

The loss of money and damage to the Trump brand may be all the president cares about as a result of his assault on democracy.

MORE IN THIS SECTION

Show me the money!

Philly Kingpin Commuted

Markets, overreacted?

The Fed did it again!

Mass Deportations!

The mystery of the drones

Cheaper money: the dilemma

Ready for deportation?

SHARE THIS CONTENT:

On Wednesday, Jan. 6, President Donald Trump was found to be responsible for inciting a mob that attacked the Capitol building. As a result, Trump and those that backed his claims of a fraudulent election are steadily losing a lot of privileges and support from a growing number of platforms, businesses and institutions. 

Trump has become the only President in U.S history to be impeached twice, and will be facing a possible conviction by the Senate. 

His reputation has been irrevocably tarnished, and as more and more corporations distance themselves from his legacy, business will be tough for him once he leaves office. 

“I think it’s a huge problem for him,” said Michael D’Antonio, a CNN Contributor. “He created toxicity for an important part of his market. I don’t know if some will ever come back. Most brands try to avoid controversy. I feel like he’s forced the hands of the companies that decided to disengage.” 

Thanks to Section 230 of the Communications Decency Act, Twitter and Facebook were able to ban Trump from their platforms indefinitely, taking away his favorite form of communicating with his cult-like followers. 

Several other digital platforms have made similar moves to limit or suspend Trump from their services, including Snapchat, Youtube, Twitch and Reddit.

The social app Parler, frequently used as a Twitter alternative for conservatives, also went dark Monday morning after Amazon cut off its computing services. 

A large number of major corporations have announced that they will no longer be contributing to any members of Congress that voted to object to the certification of Electoral College votes. 

So far, the list consists of 31 corporations in a wide range of industries, such as credit card companies, phone service providers, insurance agencies and more. 

Even Olive Garden jumped on board to take a stand against the violence that occurred at the Capitol. The popular restaurant chain worked with the Holiday Inn and the FBI to identify rioters and then revoked the “Never Ending Pasta Passes” for those guests. 

They also revoked the “Lifetime pasta pass” that was once held by Fox News Host, Sean Hannity.

American Express said on Monday that its PAC will not support congressional members who “tried to subvert the presidential election results and disrupt the peaceful transition of power.” 

Sports shoe and apparel company, Nike, said that its PAC will not be supporting any members of Congress who ignore the principles of democracy by voting to decertify the election results. 

Walt Disney, the world’s largest entertainment company said that it will not make any contributions in 2021 to lawmakers who voted against the recertification. 

“In the immediate aftermath of that appalling siege, members of Congress had an opportunity to unite  -- an opportunity that some sadly refused to embrace,” Disney said in a statement

In an email addressed to Marriott International associates, president & CEO Arne Sorenson, penned a powerful letter entitled “When We Take Democracy for Granted,” expressing gratitude for the work of their Global Safety and Security teams that were on the front lines on the day of the insurrection. 

He also condemned the riots, stating “in the U.S, we can use our voice and our vote to share our views. But what we can’t do is trample the Constitution; we can’t use violence and terror to force an agenda.”

The hotel chain was one of the first to announce its suspension of donations to Republican senators who voted against certifying President-elect Biden. 

Actions have consequences, and it seems that President Trump may be learning this for the first time. 

  • LEAVE A COMMENT:

  • Join the discussion! Leave a comment.

  • or
  • REGISTER
  • to comment.
  • LEAVE A COMMENT:

  • Join the discussion! Leave a comment.

  • or
  • REGISTER
  • to comment.