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Top line
The world’s wealthiest man Elon Musk’s finally finalized takeover of Twitter may open the door for former President Donald Trump to return to his once beloved social network after 21 months in timeout—although Trump remains coy about whether he’ll ever return.
Elon Musk, left, and Donald Trump, right, are now social media rivals.
Key Facts
Musk, who closed his $44 billion acquisition of Twitter Thursday night including its CEO and policy head who kicked off Trump, said in May he thought Trump’s ban from the platform was “morally wrong.”
On the day Twitter announced it accepted Musk’s unsolicited bid to take the company private, April 25, Trump told Fox News he won’t rejoin Twitter, adding “I hope Elon buys Twitter because he’ll make improvements to it and he is a good man.”
Trump made a similar comment to CNBC, telling the outlet the same day Musk is an “excellent individual” whom he likes “a lot,” but he won’t rejoin the site because he was “disappointed by the way I was treated by Twitter .”
Trump, who started his own social media platform Truth Social after the Twitter suspension, finally commented on Musk’s takeover Friday morning in a post on his site, welcoming Twitter’s return to “sane” leadership without indicating whether he’d return to the site if prompted.
Key Background
The typically friendly relationship between Trump and Musk appeared to sour over the summer when Trump called the billionaire a “bullshit artist,” prompting Musk to tweet “it’s time for Trump to hang up his hat & sail into the sunset.” Several advertisers plan to pull ads from the site if Twitter reinstates Trump, accordingly to the Wall Street Journal. Musk has attempted to address these concerns, writing in an open letter to advertisers Thursday that Twitter won’t become a “free-for-all hellscape” on his watch.
Crucial Quote
Trump wrote Friday: “I am very happy that Twitter is now in sane hands, and will no longer be run by Radical Left Lunatics and Maniacs that truly hate our country. Twitter must now work hard to rid itself of all of the bots and fake accounts that have hurt it so badly. It will be much smaller, but better.”
Big Number
75%. That’s how many shares of Digital World Acquisition Corp., the special-purpose acquisition company angling to take Truth Social public, have fallen since Musk disclosed his 9% stake in Twitter April 4. The company’s stock fell 4% Friday.
Further Reading
Musk Takes Over Twitter And Fires CEO—Here’s What It Could Mean (Forbes)
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