From an article published April 25, 2022..
If you're a Twitter shareholder, congratulations. So sorry, though, if you bought stock in
DWAC. Trump is the only reason that anybody uses Truth Social. He started it because he was kicked off Twitter. Now that Musk owns Twitter and says he may offer a way for banned people to be reinstated, I predict that Trump will abandon his investors and make Truth Social worthless. Twitter is an addiction he won't be able to resist.
It's up to Musk, of course. Does he want to knock out a competitor and increase the popularity of his newly acquired company, which reinstating Trump would do? Or does he want to please uptight advertisers, who would be uncomfortable with Trump's return to social media?..
Musk posted
a message on Twitter to advertisers, saying that it is important that Twitter allow a "wide range of beliefs to be debated," while preventing Twitter from becoming a "free-for-all hellscape." There's a lot of acreage between those points.
Trump needs to find a way to returning to Twitter without harming his investors and without suffering the ignominy of having another of his companies go bankrupt. Normally, the answer would be to talk Musk into buying Truth Social, even if at a big discount. But since Trump made
blistering comments about Musk on Truth Social, which you probably missed, and at public rallies over the summer, which you probably heard about, Musk may not feel at all inclined to bail Trump out.
I'm not even going to touch the SEC
investigations --
plural -- around possible issues of fraud.
There are too many moving pieces to get a sense of how the change in ownership of Twitter will affect politics.