[Breaking] Trump Signs Executive Order on SNS Regulation... Twitter Stock Plummets 4.45%

[Asia Economy Reporter Kim Ga-yeon] On the 28th (local time), U.S. President Donald Trump signed an executive order containing regulations on social media (SNS). As a result, Twitter's stock price closed down by as much as 4.45% on the New York Stock Exchange.

Foreign media such as Bloomberg News predict that while IT companies operating SNS platforms have been protected from legal liability related to users' posts, this executive order will allow relevant authorities to conduct investigations on the matter. Furthermore, President Trump and the Attorney General have announced plans to pursue legislation in addition to the executive order, raising expectations that the legal responsibility issues of SNS companies will become more prominent.