Twitter bans 7,000 accounts linked to QAnon

Twitter has taken down thousands of accounts linked to the conspiracy theory group QAnon as part of a broad crackdown. Yahoo Finance's Ines Ferre joins The First Trade panel to discuss.

Video Transcript

BRIAN SOZZI: All eyes on Twitter this morning, per the usual I guess. The social-media giant is cracking down on "Q-on-on"-- QAnon-- and banning 7,000 accounts and limiting 150,000 others. It's part of a broader crackdown.

Ines Ferre is back with those details. Ines.

INES FERRE: And, Brian, let's start with what is QAnon. It's a right-wing conspiracy-theory group. It's a group that was started back in 2017. And this is a sweeping action against the content material from this group.

Twitter says it will stop recommending the accounts and the content. It will stop recommending materials in emails if you get those alerts from Twitter on what certain people are tweeting out. It will take steps to limit the circulation of the group's material. It will block URLs related to QAnon. And this will effect 150,000 accounts.

Now, the company had shut down about 7,000 of these accounts in the last few weeks, saying that it had broken Twitter's rules on targeted harassment. And last year, the FBI had issued a warning about conspiracy-theory groups, labeling QAnon as a potential domestic extremist threat.

Right now, we're looking at the stock. That's down just 5/10 of a percent, about half of a percent. Year to date, Twitter is up 14%, Brian.

BRIAN SOZZI: All right. Thanks so much, Ines.