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Trump Hails Musk's Twitter Takeover, Puts Up Cryptic Post On His Platform

Published 28/10/2022, 17:51
© Reuters.  Trump Hails Musk's Twitter Takeover, Puts Up Cryptic Post On His Platform
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  • Former U.S. President Donald Trump said he was happy Twitter Inc (NYSE: NYSE:TWTR) was in "sane hands" after Tesla Inc (NASDAQ: NASDAQ:TSLA) CEO Elon Musk formally took over.
  • Musk snapped Twitter for $44 billion in a deal finalized today.
  • Twitter CEO Parag Agrawal and Chief Financial Officer Ned Segal no longer remained employees of Twitter.
  • Musk will likely be the interim CEO until he chooses a replacement.
  • Trump did not offer any update regarding his return to his account after the platform banned him, Reuters reports.
  • Trump said he thought his own Truth Social media platform "looks and works better."
  • "I LOVE TRUTH," Trump wrote in a post on his platform.
  • Twitter banned Trump after the deadly January 6, 2021, attack on the U.S. Capitol.
  • Musk has said he would reinstate Trump's account, but Trump previously said he would not return.
  • Instead, Trump said he would begin posting on his platform Truth Social.
  • Truth Social is part of the Trump Media & Technology Group that is being taken public by the special purpose acquisition company (SPAC) Digital World Acquisition Corp (NASDAQ: DWAC).
  • Related: 'Drop To Your Knees And Beg' Donald Trump Goes After Elon Musk On Truth Social
  • Price Action: DWAC shares traded lower by 0.55% at $16.35 on the last check Friday.
© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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