Twitter stock futures were down 2% to about $38.50 within minutes of the announcement; shares have plunged more than 40% over the past year, while the S&P 500 has fallen about 16%.
Ouch, and it’s only got worse since.
Here’s what people online are saying:
“Dow & Nsq need it. Welcome back”
“Don’t think it matters, Trump said he’ll never come back.”
“I know Trump says he’ll never come back to Twitter, but the allure that massive account and ability to really get his message out may win over?”
“I will believe this when I see it.”
“Liberal meltdown incoming”
President Trump has said he will not come back to Twitter. Why would he do that when he has Truth? And even though he doesn’t have the same exposure as he did on Twitter, it goes viral everywhere when he posts something noteworthy.
Back when Elon was supposedly trying to buy Twitter, this is what Trump said when Elon vowed to reinstate his account:
President Donald Trump said on Monday that he will not be returning to Twitter if his account is reinstated, according to a statement he provided to Fox News. Trump’s comments about Twitter come on the same day that the company has announced that it accepted Elon Musk’s offer to acquire the publicly traded company at $54.20/share, valuing the social media platform at $44 billion.
The announcement led to speculation that Trump may return to the social media platform if he is allowed to do so, but it looks like he’s not interested and is instead planning to formally join his own Truth Social platform over the next seven days.
“I am not going on Twitter, I am going to stay on Truth,” Trump told Fox News. “I hope Elon buys Twitter because he’ll make improvements to it and he is a good man, but I am going to be staying on Truth. The bottom line is, no, I am not going back to Twitter.”
The bottom line is that Twitter is in trouble.
They’ve gotten such a bad and well-deserved reputation for one-sided politics and extreme censorship that it’s no longer a place where you can share your opinions unless they match up with what progressives believe.
We’ll see if this is true. I am skeptical, but who knows?