Twitter permanently bans President Trump's account; Parler faces App Store ban (updated)

• Twitter (NYSE:TWTR) says it's permanently suspended President Trump's account.
• "After close review of recent Tweets from the @realDonaldTrump account and the context around them - specifically how they are being received and interpreted on and off Twitter — we have permanently suspended the account due to the risk of further incitement of violence," the company says.
• The new move came in particular response to two tweets the president sent today.
• "In the context of horrific events this week, we made it clear on Wednesday that additional violations of the Twitter Rules would potentially result in this very course of action," Twitter says.
• Trump's tweets today - saying his voters would "not be disrespected or treated unfairly" and that he would not be attending the inauguration - "must be read in the context of broader events in the country and the ways in which the President’s statements can be mobilized by different audiences, including to incite violence, as well as in the context of the pattern of behavior from this account in recent weeks," the company says.
• The move follows Facebook's (NASDAQ:FB) decision yesterday to suspend Trump's activity indefinitely (and at least for the remaining days through the inauguration of Joe Biden).
• Twitter's 12-hour suspension looked light in the face of Facebook's decision, and Trump's return to the Twitter's platform today drew heavy attention.
• Meanwhile, Parler - the alternative social media network favored by conservatives and Trump supporters, who praise it for a lack of moderation - is facing a ban from Apple's (NASDAQ:AAPL) App Store. Apple has given Parler 24 hours to produce a moderation policy or have its app removed.
• Updated 6:43 p.m.: Twitter stock is down 1.9% after hours; the company is faced with losing one of its most heavily engaged accounts in history.
• Updated 8:44 p.m.: Trump tried tweeting from the presidency's official handle - the government-owned @POTUS account - but Twitter pulled the tweets almost immediately. He accused Twitter of coordinating with enemies to silence him, and said "we also look at the possibilities of building out our own platform in the near future."
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