After Twitter’s board of directors unanimously approved the sale of the firm to Tesla Motors CEO Elon Musk, former President Trump said he would not return to Twitter — which banned him permanently last year.
In an interview with Fox News, Trump announced that he would be launching his own social media network called “Truth Social” in the next week or so and that he will be busy “Truthing.” “I’m not going back to Twitter,” he said.
Despite the fact that Trump’s new platform has “seen its downloads plummet so low that it has fallen off the App Store charts,” as The Washington Post reported earlier this month, he claimed that he is “taking in millions of people” to his new platform. According to estimates from analytics firm Sensor Tower, the app had seen its downloads fall to an average of 10,000 a day last month. “Its installation rate plummeted from one million applications within minutes after opening on April 20th to 200,000 applications per day by May 21st.”
“The bottom line is that I’m not going back to Twitter,” Trump declared. “It’s been boring for a long time.”
“I don’t think that [buying Twitter] would be a competitor for what I’m doing,” said Trump in response to the notion of Musk purchasing the social network.
Trump tweeted that the site’s name, Truth Social, was “about being a platform for my voice and for my supporters,” and that anybody could join regardless of their political views.
“Shares of Digital World Acquisition Corporation, a controversial blank-check firm that plans to merge with Trump Media & Technology Group, tumbled 13% early this week to end near $35.71,” according to CNN. “Since Elon Musk shocked Wall Street by saying he had invested in Twitter, Digital World has lost 44% of its value.”
Tesla and SpaceX CEO Elon Musk has announced that he is buying Twitter for $54 billion.
When the sale was announced, Elon Musk issued a statement describing his vision for the firm.
“Free speech is the underpinning of a working democracy, and Twitter is the digital town square where critical topics affecting humanity are discussed. I also want to make Twitter better than ever before by adding new features and improving the product with open-source algorithms to combat spam bots. I’m excited about unlocking Twitter’s full potential – I look forward to collaborating with the company and community of users to do so.”