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Devin Nunes,” who left Congress to join this shambling mess, have their work cut out for them. If he were to just leave and go back, people would go, well, he screwed us, now our stock’s not worth anything.”īut Trump and “C.E.O. “But I think he’s got to stay where he’s at.
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of CloutHub, a competitor in the MAGA free speech tech space, told me, adding that Trump should never have been kicked off in the first place.
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“I don’t believe it’s practical for Trump to go back to Twitter even if he wants to,” Jeff Brain, the C.E.O.
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If Trump is publishing his content for free on a competitor’s platform, TMTG withers, and the investors who sent DWAC’s prices to the moon on the stock market-at one point, it traded at $175 a share-will be rightfully mad. Setting up shop there again would essentially obviate any reason for TMTG’s very existence, potentially harming the deal and possibly worse. It’s unclear what reps and warranties Trump is subject to, as is the nature of what might comprise competitive behavior, which would impact investors, and TMTG did not return a request for comment regarding whether Trump could post on a competitor’s platform.īut at the very least, TMTG’s entire presentation to the market is based on the notion that Twitter, among other platforms, is some lib Valhalla that’s inhospitable to right wing voices. Should the deal be completed, he will own 58 percent of the public entity, per Bloomberg. He’s locked into a pending merger with a publicly-traded company that, on paper at the moment, is worth $1.3 billion.
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And, if you recall, TMTG entered into a SPAC agreement with Digital World Acquisition Corporation (DWAC) last fall. As the chairman and principal behind the Trump Media and Technology Group (TMTG), whose primary product is a social media platform, Trump is a fiduciary of a Twitter competitor. As I reported earlier in the Musk takeover saga, Trump would have rejoined Twitter “in a heartbeat,” according to someone familiar with his thinking and tweeting brain.īut Trump’s alleged loyalty to Truth Social, the tech-savvy MAGA set believes, is financially motivated. It would also, of course, amplify his position as the G.O.P.’s 2024 frontrunner. Instead Trump claimed he would remain on his own platform, Truth Social, where he plans to begin posting (“truthing”) within the coming days.Īs a political strategy, this seems unwise: Trump returning victoriously to Twitter would have provided a jolt of pure adrenaline to the far right, immediately re-establishing his position as the loudest voice in the MAGAverse, and bending the news cycle yet again to his will. Shortly after the deal was announced, Donald Trump told Fox News that he would not return to Twitter if Musk invited him back. But for MAGA world, at least, the World Series-level victory was bittersweet. The richest man on earth, who also happens to be an unrepentant, red-pilled memelord, has promised to turn the media’s most beloved social platform into an anything-goes free speech playground. Everyone besides Democrats was in a celebratory mood yesterday, it seemed, after Twitter accepted Elon Musk’s $44 billion offer to take the company private.