Stock ties to Trump's truth social plummeted after it was claimed Elon Musk was buying Twitter on Monday

Stock ties to Trump's truth social plummeted after it was claimed Elon Musk was buying Twitter on Mo ...

Truth Social, the social media platform that was soft-launched in February by Donald Trump, hasn't, to it lightly, been a hit. It's not. No one is, because if people were using it, they'd probably be annoyed it was. The day Twitter, the world's social media king, was bought by the guy who tried to create problematic brain implants.

The blank-check company slated to launch Truth Social, according to CNBC, was seeing its stocks fall on Monday, shortly after Elon Musk was officially buying Twitter. The stocks fell about 13% in a single day. Despite the fact, it has not been a great year for the company, with its stocks also falling for the last two months.

Will Trump, in turn, be decamping for Twitter, which might reintroduce his account under Musk? At least now it will not.

Trump said he was "disappointed" by Twitter's way of dealing with it. Instead, he will be "on Truth Social within the week," having all but neglected it so far. Twitter has been permanently suspended in early January 2021, shortly after the riot carried out by his whipped-up supporters on January 6.

(Via)

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