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From cutting all ties with Trump to pulling political donations, here’s how corporate America has responded to the Capitol insurrection


Capitol Hill dystopian

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Since rioters stormed the US Capitol on January 6 in a desperate bid to overturn the presidential election result, top US firms have been scrambling to distance themselves from President Donald Trump and his supporters.

In the immediate aftermath of the insurrection, business leaders were quick to condemn the rioters. Then, in the days that followed, they backed up those words with actions.

Some have cut off political funding, while others, including banks and social media giants, severed their ties to President Donald Trump.

Here’s how corporate America is responding to the Capitol siege.

‘The antithesis of democracy’

First, the business world responded with words.

Both companies and individual business leaders issued statements condemning what had happened in the US Capitol. 

The language they used varied, and some gave more personal responses than others.

Facebook CEO Mark Zuckerberg said the attacks marked “a dark moment in our nation’s history,” Google CEO Sundar Pichai said they were “the antithesis of democracy,” and American Express Chairman and CEO Stephen J. Squeri said they were an “egregious assault on our democracy.”

Reddit cofounder Alexis Ohanian was one of the first business leaders to speak out, describing the rioters as “domestic terrorists.”

Some of the responses were more surprising. Blackstone chairman, CEO, and co-founder Stephen Schwarzman, a longtime Trump ally who previously defended the president’s election lawsuits, said he was “shocked and horrified” and that “there must be a peaceful transition of power” to President-elect Joe Biden.

Some CEOs demanded more direct action. Jay Timmons, president and CEO of the influential advocacy group the National Association of Manufacturers, which represents more than 14,000 member companies, called on Vice President Mike Pence and top White House officials to invoke the 25th Amendment and remove Trump.

“This is not law and order. This is chaos. It is mob rule. It is dangerous. This is sedition and it should be treated as such,” Timmons said.

Trump’s social media exodus

As the events of Wednesday unfolded, social media giants began banning Trump for their platforms.

They starting by removing a video posted by Trump on Facebook, Twitter, and YouTube during the insurrection, where he failed to condemn the rioters, called them “very special,” and continued to baselessly claim that the election was fraudulent.

Facebook and Twitter were the first to take stronger action against Trump, with Facebook initially locking his account for 24 hours and Twitter for 12 hours.

Facebook then blocked Trump “indefinitely,” adding that the ban would last at least until the end of his presidency on 20 January, and Twitter followed suit the next day by permanently suspending Trump’s account.

Snapchat has said it will permanently ban Trump, and both Twitch and YouTube have limited his use of their platforms.

The wider social media purge

It wasn’t just Trump who was banned from social-media platforms. These companies targeted some of his more extreme supporters, too.

Twitter purged 70,000 accounts associated with QAnon, a far-right conspiracy theory that baselessly claims Trump is working to dismantle a network of …read more

Source:: Business Insider

      

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