Trump has said, “I will not return to Twitter if Elon Musk Reverses [his] ban [from the platform].” However, political pundits note that Twitter is a formidable platform and if Elon’s newly revived proposal to purchase Twitter goes through, Trump can work with Musk to impact the midterms.
In previous reports, RTM noted that Musk originally proposed purchasing Twitter at $54.20 per share, totalling $44 billion. His offer was initially rejected by the Twitter board and then accepted but then withdrawn by Musk because of a failure by Twitter’s board to verify the number of spam bot or fake accounts.
Twitter’s board has sought legal remedy to force Musk to close the deal — a court hearing is scheduled for October 17. Uncertainty and security concerns have caused Twitter stock prices to drop. The Daily Wire noted that share prices had declined 26% in the last year.
However, in a surprise move on Monday, Musk communicated to the Twitter board that he would move forward with his original offer of $54.20 per share. On Tuesday afternoon, the Twitter board signaled it would accept the offer.
According to The Daily Wire, sources told CNBC the transaction could be executed as soon as Friday.
Earlier this year, Musk declared he was no longer a Democrat and that if he controlled Twitter he would cancel Trump’s ban from the platform.
Trump was banned from Twitter because of his alleged role in the Jan. 6 protest and breach of the Capitol shortly before President Biden took office in January 2021.
Speaking of Trump’s ban, Musk said: “I think that was a mistake because it alienated a large part of the country and did not ultimately result in Donald Trump not having a voice.”
Musk added that the decision was “morally bad” and that he would “reverse the permanent ban.”
In the meantime, Trump launched his own social media platform, Truth Social, which has enjoyed tremendous success. Trump uses the platform to share his “truths” to the more than 170,000,000 utilizing the uncensored platform.
Though Trump has been out of office for about 20 months, he continues to be the de facto voice of the Republican Party. Studies show that approximately 92% of his nearly 200 endorsed candidates won their primary races — most are poised to win in November’s midterms.
Friends and foes respect Trump’s influence on the masses — some fear Trump will return to Twitter and increase the impact the “red wave” is predicted to have on November’s elections.
Musk, who also serves as the CEO of SpaceX and Tesla, has expressed his desire to make Twitter a ban-free, open platform that invites discussion from both sides of the political spectrum.
When making his first offer to purchase Twitter, 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.”
The proposed purchase by Musk has been approved by a majority of Twitter shareholders.
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