President Trump approached Elon Musk about the possibility of purchasing Truth Social

by | Mar 12, 2024

President Donald Trump reportedly inquired with Elon Musk last summer about his interest in acquiring Trump's social network, Truth Social, as stated by two individuals familiar with the discussion.

The invitation to Elon Musk did not result in a deal. However, the revelation of this conversation, previously undisclosed, highlights a level of communication between the two men beyond what was previously known.

According to Trump advisers, Trump and Musk have engaged in other discussions as well, covering topics ranging from politics to business.

Elon Musk, currently the world's second-richest individual, has been more vocal in expressing support for conservative ideology on X, which includes echoing claims made by Trump. Musk recently wrote on X that the Biden administration is “importing voters and creating a national security threat from unvetted illegal immigrants.”

When questioned by The Washington Post about the conversation regarding Truth Social and his other discussions with Trump, Musk responded simply that he had “never been to Mar-a-Lago,” Trump's estate in Palm Beach.

In an emailed statement, Trump Media spokeswoman Shannon Devine remarked, “We heard Trump and Musk were actually discussing buying the Washington Post but they decided it had no value.”

In the past month, the SEC approved Digital World's merger registration, paving the way for Trump Media to become a publicly traded company potentially valued at billions of dollars. This development could provide Trump with a financial lifeline as he confronts significant legal penalties amounting to hundreds of millions of dollars. Shareholders are anticipated to formally endorse the merger during a vote later this month. However, a lockup provision within the agreement stipulates that Trump must wait six months before selling any shares.

According to the Washington Post, Trump has continued to advocate to advisers and individuals in his inner circle that Elon Musk should acquire Truth Social.

Source: The Washington Post

 

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