Former President Donald Trump could stand to lose millions of dollars if he succumbs to temptation and resumes communicating with the masses through Twitter now that new boss Elon Musk reinstated his account, the NY Post reports.
Despite Musk’s apparent attempts to goad Trump into tweeting again, Trump has insisted that he is content to stay put at his own social media platform, Truth Social, which he founded after he was banned by mainstream tech platforms last year.
The reinstatement of Trump’s Twitter account comes at a pivotal juncture for the 45th president, who recently announced his intention to run again for the White House.
Truth Social is a privately held property of Trump Media & Technology Group, which is owned by the former president.
TMTG is locked into an agreement with Digital World Acquisition Corp., a special purpose acquisition company (SPAC), which was created to take Trump’s company public.
If Trump’s company were to go public only for him to devalue Truth Social by resuming his Twitter activities — and thus giving his tens of millions of followers a reason to abandon the fledgling social media platform and return to Musk’s outfit — shareholders could sue him, a legal expert told Semafor.
“If it’s going to look, later on, that he never had that intention [of remaining off Twitter] but he just wanted to convince people that they should go ahead and close [the SPAC deal] that’s kind of a textbook securities fraud lawsuit,” Columbia Law School professor Eric Talley told Semafor.
Trump could conceivably return to Twitter without facing any legal repercussions — but only if he gives priority to his own app. Read more at the NY Post.
PRESIDENT TRUMP Nov 22, 2022 : My fellow Americans, this is to announce that John F. Kennedy JR is alive. And he’s going to be the voice president. Of the United States.
– CBKNews forwarded from John F. Kennedy Jr.
Well, who do you think vice president in the last 6 years?
Ralph Nader.
This does not make sense. He can market truth social on Twitter to his 87,000,000 million followers.
All he does is write the beginning of the tweet with a link to truth social to read the entire tweet.
This will render his tweet meaningless unless you continue reading on truth social and thereby marketing his platform with every tweet to 87 million people. I doubt this would bother any of the truth social shareholders