- During the US Capitol insurrection, businesses condemned the rioters. In the days after, they swapped words for concrete action.
- Some have cut off all political funding, others have severed ties with President
Donald Trump . - Here's how social-media giants, banks, retailers, and other firms have reacted.
Since rioters $4 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 $4,
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
'The antithesis of democracy'
First, the business world responded with words.
Both $4 condemning what had happened in the US Capitol.
The language they used varied, and some gave more personal responses than others.
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 $4, said he was "shocked and horrified" and that "there must be a peaceful transition of power" to President-elect Joe Biden.
Some
"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 $4 on Facebook,
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.
$4 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 $4.
Snapchat has said it will $4, and both $4 and $4 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.
$4, a far-right conspiracy theory that baselessly claims Trump is working to dismantle a network of elite child-abusers who run world affairs. Supporters of the movement were seen on the front line during the Capitol siege, including a $4
The site also $4 Michael Flynn and Sidney Powell.
After Apple and Google pulled
Pulling the plug on political donations
Starting over the weekend, companies then went a step further and announced major changes to their political contribution policies.
Some companies said they would $4. These included Walmart, Amazon, Nike, Morgan Stanley, Dow, and AT&T.
Meanwhile, other companies including JPMorgan, Citibank, $4, Microsoft, Boeing, Visa, Deloitte, and Google have said they're pausing all political contributions - to both Democrats and Republicans.
Berkshire Hathaway Energy, Ford, and Bank of American told $4 they would review donations on an individual basis.
Hallmark went a step further still.
The greeting card company $4, who both voted against Biden's certification, $4. It's unknown yet whether they will.
Separately, $4, arguing that the campaign encourages violence.
Cutting corporate spending and severing business ties with Trump
Political donations aren't the only way companies give money to politicians. When politicians double up as businesspeople, companies can essentially be funding them by spending money at their enterprises.
That's something Lime never wants to do for Trump. The e-scooter startup has $4, Trump's son in law, and has scratched Trump's properties from its list of approved corporate travel hotels for its 600 employees.
E-commerce platform $4, including his official campaign store. Sites like $4 and $4 can no longer be accessed.
The Professional Golfer's Association (PGA) of America, meanwhile, $4. The PGA had previously held events at various Trump-owned golf clubs - although in 2015, it canceled an event due to be held at one, after the then-presidential candidate $4 as "rapists" and people who are "bringing crime" and "bringing drugs."
Not every company has taken a hardline approach. Mike Lindell, CEO of MyPillow, continued to stand by Trump,
Banks freeze Trump out
Banks are also cutting ties with Trump. $4 said they would no longer provide banking services to Trump or the Trump Organization. $4 days later, just three years after it lent Trump $11.2 million in to purchase a home next to his Mar-a-Lago club for his sister.
And it's not just businesses freezing Trump out.
The City of New York is $4, which manages a golf course in the Bronx as well as two ice skating rinks and the carousel in Central Park. These concessions give the company an annual revenue of around $17 million.
Mark Levine, a Democratic New York City council member, told Insider the Trump Organization's connections with the four businesses was $4 Levine had been pushing the city to cut ties for years, and formerly chaired its parks and recreation division. The Trump branding was likely detracting people from visiting the attractions, he said.