Trump says he wouldn’t come back to ‘very boring’ Twitter if Elon Musk takes ownership and allows him back on
- ‘You know, Twitter has become very boring,’ said Donald Trump this week
- Free speech ‘absolutist’ Elon Musk is trying to buy the social media platform
- His $43 billion bid prompted speculation that he would lift the ban on Trump
- But the former president said he had his own platform now
Former President Donald Trump said in an interview this week that he would have no interest in returning to Twitter even if it was bought by Elon Musk and his ban was lifted.
Musk, a self-declared ‘free speech absolutist,’ roiled the world of social media by launching a bid to buy the microblogging platform.
And it led to speculation that he would allow Trump, banned in the wake of last year’s January 6 attack on the U.S. Capitol, to return.
But Trump told Americano Media that his own Truth Social app meant Twitter was not part of his plans.
‘We’re doing a big platform right now,’ he said in an interview that was broadcast on Wednesday.
‘So probably wouldn’t have any interest. You know, Twitter has become very boring.’
His Truth Social app launched in February.
Pres Trump told @AmericanoMedia in a Wednesday evening show that he¿s simply not interested in Twitter anymore, it¿s become boring. He¿s right. He also understands that, with Truth Social, him tweeting again would be like Henry Ford driving a Chevy. pic.twitter.com/0Iay1no1Jk
— Not a biologist (@MichaelRCaputo) April 14, 2022
Former President Trump said he had little interest in returning to Twitter if ‘free speech absolutist’ Elon Musk bought the platform. He said: ‘Now it’s boring.’
Tesla founder Musk announced this week he was trying to buy Twitter for $43 billion
But downloads have plunged and it does yet have an app for Android phones – favored by two thirds of his supporters.
Trump has yet to make regular use of his account on Truth Social, and in the meantime remains locked in legal battle with Twitter – as well as Facebook and Google – to restore his accounts.
Now, he says Twitter lacks any appeal.
‘They’ve gotten rid of a lot of their good voices on Twitter, a lot of conservative voices and it used to be a war on Twitter, but it was a very interesting war.
‘You know, it’d be a war mental mentally … we had some pretty good fights,’ he said.
‘And we would go after the progressives – I call them the unprogressives because they’re actually unprogressive.
‘But we’d be fighting back and forth and it was great stuff.
‘Now it’s boring and friends of mine tell me that Twitter is not the same place. It’s a very boring place right now.’
On Thursday news emerged that Tesla founder Musk had offered to buy the social media company for $43 billion.
‘I believe free speech is a societal imperative for a functioning democracy,’ he said in his financial filing.
‘I now realize the company will neither thrive nor serve this societal imperative in its current form.’
Later in the day, during an onstage interview at the TED 2022 conference, he went even further: ‘Having a public platform that is maximally trusted and broadly inclusive is extremely important to the future of civilization.’
Twitter began as a freewheeling platform in 2006, with little in the way of oversight.
But that has changed with warnings about how misinformation and intimidation could upend democracy.
It has established restrictions on tweets that threaten violence, incite hatred, bully others and spread misinformation.
On Friday, Twitter signaled that Musk would have a battle on his hands if he tried to push ahead with a takeover.
Its board of directors adopted what is known as a ‘poison pill’ defense – effectively forcing Musk to pay a premium price.
Musk’s bid to buy Twitter raises as many questions as it does answers
Why is Musk interested in Twitter?
Musk, speaking at the TED2022 Conference in Vancouver on Thursday afternoon, defended his takeover bid, saying he was motivated to transform Twitter into a bastion of free speech.
‘This is not about the economics,’ Musk said. ‘My strong intuitive sense is having a public platform that is maximally trusted and broadly inclusive is important to the future of civilization.’
How will Musk fund the bid?
The world’s richest man is trying to buy all of Twitter, but has not disclosed financing details in his purchase proposal.
Elon Musk, whose net worth is approximately $270billion, has offered to purchase the social media platform in a generous all-cash deal of $41.39billion.
However, the entrepreneur’s wealth is mostly held in Tesla shares, a company that limits how much Musk can borrow against its stock.
Musk sold more than $15billion worth of his Tesla shares, about 10 percent of his stake in the electric vehicle maker, late last year to settle a tax obligation.
The billionaire has also burned bridges with several major lenders, such as JPMorgan Chase, which is why analysts allege his choice to have investment bank Morgan Stanley act as the financial adviser for his offer is notable.
What happens now?
SpaceX boss Elon Musk has launched his bid to take over Twitter, however the company’s Board of Directors still has the right to reject his offer.
The billionaire entrepreneur issued a tender offer Thursday morning to buy all of Twitter’s stock at $54.20 per share, 18.2 percent above the current market price of $45.85 per share.
If the board were to reject Musk’s tender offer, he could then approach the shareholders, who may accept the offer.