Elon Musk’s tweets praising his rival have boosted Trump’s share of the social media company. Shares of Twitter’s rival Social Truth Company Elon Musk tweeted on Wednesday. The former President Donald Trump’s stake in Digital World Acquisition, a social networking company, rose 23 percent, Business Insider reported.
“Truth Social now surpasses Twitter and TikTok on the Apple Store”. Matt tweeted with a screenshot of the top-downloading apps on the App Store.
Digital World Acquisition is a joint venture with Trump’s company for the Truth Social App. Truth Social, run by former US President Donald Trump, is a rival to Twitter. Trump has said he will no longer use Twitter, even if he reopens a blocked Twitter account, when it was agreed to buy Twitter for $ 44 billion from the world’s richest man, Elon Musk.
The new Twitter owner, Matt, also seems to be focusing on Truth Social, which could later become a competitor. In a tweet about Truth Social, Matt said, “Truth Social (bad name) exists because it censors free speech on Twitter.
It should be called Trumpet.” It says: Matt has been critical of Twitter’s censorship, and is willing to go for the Free Speech platform rather than do business with Twitter in the $ 44 billion bid.
Tesla sells 4 billion shares of Tesla stock to buy Twitter.
Elon Musk, who became the world’s richest man thanks to Tesla, is giving up shares to acquire Twitter.
On Tuesday and Wednesday, Mars sold about 4.4 million shares of Tesla for roughly $ 4.4 billion, according to the Securities and Exchange Commission (SEC). The issuance of shares is raising money to buy Twitter.
Mats has agreed to buy Twitter for $ 54.20 a share for $ 44 billion. Tesla shares plunged 12 percent as Tesla shares were traded to buy Twitter. “There are no plans to sell any more Tesla shares today,” Matt said on Twitter on April 29.
Mats, which will acquire Twitter after its acquisition of Twitter, has borrowed $ 25.5 billion to buy the company, including $ 12.5 billion in collateral for its own Tesla stock. According to SEC data, Mats plans to buy Tesla for $ 21 billion in bank loans and $ 21 billion in cash to buy Twitter.