On Monday, former President Donald Trump said that he is not going to return to Twitter, which he was permanently banned from last year, after Twitter’s board of directors unanimously approved the sale of the company to Elon Musk.
Trump told Fox News that he is “not going on Twitter” and that he is instead going to be busy on his new social media platform, Truth Social.
“I am not going on Twitter, I am going to stay on TRUTH,” Trump told Fox News. “We’re taking in millions of people, and what we’re finding is that the response on TRUTH is much better than being on Twitter. Twitter has bots and fake accounts, and we are doing everything we can.”
“The bottom line is, no, I am not going back to Twitter,” Trump concluded.
As Fox News explained, “Trump was permanently suspended from Twitter, Facebook, Instagram, and Snapchat following the Jan. 6, 2021 Capitol riot. Twitter deemed a number of his tweets connected to the violent protests as inflammatory and warned of ‘the risk of further incitement of violence.’”
On Monday, Twitter’s board of directors unanimously agreed to be acquired by Elon Musk for $54.20 per share, or approximately $44 billion.
“The two sides worked through the night to hash out a deal that would be valued at $54.20 a share, or $44 billion,” The Wall Street Journal reported. “Twitter had been expected to rebuff the offer, which Mr. Musk made April 14 without saying how he would pay for it, and put in place a so-called poison pill to block him from increasing his stake. But after [Musk] disclosed that he has $46.5 billion in financing and the stock market swooned, Twitter changed its posture and opened the door to negotiations.”
In a press release, Musk highlighted the importance of free speech and Twitter’s role as a “digital town square.”
“Free speech is the bedrock of a functioning democracy, and Twitter is the digital town square where matters vital to the future of humanity are debated,” Musk said. “I also want to make Twitter better than ever by enhancing the product with new features, making the algorithms open source to increase trust, defeating the spam bots, and authenticating all humans. Twitter has tremendous potential – I look forward to working with the company and the community of users to unlock it.”
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