Donald Trump has gloated about Elon Musk ending his efforts to buy Twitter, writing: ‘THE TWITTER DEAL IS DEAD, LONG LIVE THE “TRUTH”.’
The former president shared his thoughts on his own rival social network Truth Social Friday evening, shortly after it emerged that Musk, 51, had withdrawn a $44 billion bid.
Trump’s post was liked close to 37,000 times, and shared more than 9,000 times on Truth, where Trump has 3.5 million followers.
He set up the Twitter look-a-like after being banned by former Twitter CEO Jack Dorsey in January 2020, days after the Capitol riots.
Truth Social boasts an estimated two million active users, compared to the 300 million who’ve signed up to Twitter.
On Friday Musk, who is the world’s richest man, announced he was ending his bid to buy Twitter at $54.20-a-share, prompting a furious response from the firm’s bosses, who say they’ll sue to force through the deal.
Musk accused Twitter bosses of refusing to hand over details about the number of fake users on its site, in a letter announcing that he was reneging on the deal.
The billionaire blasted the social media giant for refusing to ‘comply with its contractual obligations’ throughout the acquisition process.
Feeling tells me that Musk is up to something. Way waste the time and huff – flash the cash then pull back.
Never celebrate when a Donkey is within vicinity – NEVER!
Must keep eyes on Musk and Bezos…..they are the new youngins out there. Gates and others did their time.
Truth Social literally just got raided ny the feds.
The fat lady has yet to sing on this deal. Musk is on the hook for a 1 billion check to Twitter if he doesn’t close the deal. Unlike me, he can handle that fee if it comes to it. But he’s claiming, apparently, that Twitter failed to follow their commitments and therefore he should be able to walk away without paying the penalty.
He made his pitch at a handsome premium to Twitter’s share price; since then the stock is lower than when he made his bid, and a body of info about how many fake accounts exist has emerged. Don’t be surprised if the deal gets done at a lower price.