Politics

Did Donald Trump Attempt To Sell Truth Social To Elon Musk?

[[{“value”:”According to a report from The Washington Post, Donald Trump again made an offer to sell Truth Social to Elon Musk.
Two unidentified people, according to the unsubstantiated report, claimed Trump made the suggestion next summer.
According to the report, the alleged talks did n’t go anywhere.
Elon Musk and Donald Trump spoke about selling truth socially, according to the report’s assertions: //t. . /co/L2nZviHWrM pic. Twitter.com/twitter.com/fr/i6RYkUYM1
— Forbes ( @Forbes ) February 12, 2024
Elon Musk was contacted by Trump to ask if he wanted to purchase Truth Social.
The concept failed, but the billionaire X owner and the former president have continued to communicate via https ://t.co/C5lnTV1twp.
— Grace Chong ( @gc22gc ) March 12, 2024
Forbes, per:
A proposed merger between Trump Media &amp, Technology Group, the largely Trump-owned company that owns Truth Social, and bare check company Digital World Acquisition Corp. was approved in February before the Securities and Exchange Commission approved the merger.
SEC filings from 2023 revealed that Trump Media &amp, Technology Group had lost more than$ 31 million since it began operating Truth Social in 2021, with only a profit in 2022, according to reports that Trump was apparently trying to sell the social network at the time.
Donald Trump’s Twitter account was reinstated by Elon Musk in November 2022, but he has maintained his status on Truth Social.
According to the report, Trump and Musk have communicated more frequently than previously believed.
Elon Musk, the billionaire X owner, was asked by Donald Trump last summer if he wanted to purchase Truth Social. https ://t.co/tAV5BV7XL0 pic. https ://twitter.com/ya7qHPEWK
— Daily Mail Online ( @MailOnline ) March 12, 2024
From Business Insider:
Trump confirmed in a CNBC interview that he had met Musk lately. The previous president claimed that he was unsure whether Musk would support him.
Trump’s Twitter account was reinstated in November 2022, just days after he assumed control of the business in a$ 44 billion deal. Following the fatal Capitol riot on January 6, 2021, Trump was banned from Twitter.
Despite having significantly fewer followers that than on X, Trump has continued to prefer using Truth Social.
When Business Insider inquired about commenting on a request made outside of regular working hours, representatives for Musk and Trump did not respond right away. Neither responded to Post requests for comment.
Trump and Musk and a “few powerful Republican donors” were meeting, according to several reports in Florida.
Elon Musk And Republican Supporters Are apparently spotted by Donald Trump.
The New York Times claimed to have spoken with three people who had been given briefings at the meeting and who had contacted them on the condition of anonymity.
According to The New York Times,” Mr. Trump and his team are looking for additional major donors to shore up his finances as he prepares for the anticipated general election against President Biden.”
According to a person who has spoken with Mr. Trump about the matter, Mr. Trump has praised Mr. Musk to allies and hopes to meet with him immediately.
PRESENTING REPORT: Donald Trump and Elon Musk.
DEVELOPING..
Elon Musk, one of the richest people on earth, and many wealthy Republican benefactors, met with Donald Trump for a meeting on Sunday in Palm Beach, Florida.
Pic revealed this. twitter.com/BZr7Bt9YOC
March 6, 2024— Chuck Callesto (@ChuckCallesto ).
According to the New York Times:
Whether Mr. Musk intends to invest any of his money in Mr. Trump’s favor is still a mystery. However, his most new social media posts suggest that he believes it is crucial for Mr. Biden to win in November, and people who have spoken to Mr. Musk personally confirmed that.
According to Forbes, Mr. Musk, who has a net worth of about$ 200 billion, might decide to put his weight behind Mr. Trump and almost certainly reverse what is thought to be Mr. Biden and his allies ‘ dominance of the former president.
Aides to Mr. Trump did not respond to a request for comment. Mr. Musk did not respond to inquiries for comment.
Mr. Musk has huge portrayed himself as impartial, and over the years, he has donated to candidates from both parties. He has n’t heavily campaigned for a presidential election, unlike other billionaires, and his donations have been fairly evenly divided between Democrats and Republicans over the years. Tesla and SpaceX, Mr. Musk’s businesses, have benefited from provincial government subsidies and contracts.
A person near to Mr. Musk said that his prior experience with the government had predisposed him to avoid identifying very tightly with one social party over the other.”}]] [[{“value”:”

The Washington Post reported that Donald Trump had once offered to sell Truth Social by Elon Musk.
The unverified report cited unnamed sources that reportedly said Trump made this suggestion last summer.
The report claimed that the alleged talks did not lead anywhere.

Donald Trump Discussed Selling Truth Social To Elon Musk, Report Sayshttps://t.co/L2nZviHWrm pic.twitter.com/4i6RYkUYM1
— Forbes (@Forbes) March 12, 2024

Trump asked Elon Musk whether he wanted Truth Social
The idea went nowhere, but the former president and the billionaire X owner have continued to communicate more than was previously known https://t.co/C5lnTV1twp
Grace Chong (@gc22gc), March 12, 2024

Per Forbes:
The talks took place before the Securities and Exchange Commission (SEC) approved a proposed merger between Trump Media & Technology Group – the Trump-owned company which owns Truth Social – and Digital World Acquisition Corp, a blank check firm, in a deal to take the company public.
Trump was reportedly selling the social network in the early 2000s. SEC filings in 2023 revealed Trump Media & Technology Group lost over $31million since it began operating Truth Social 2021. It only made a profit in the year 2022.
Elon Musk restored Donald Trump’s twitter account in November 2022. Trump, however, has remained with Truth Social.
The report stated that Trump and Musk had been in contact with each other more frequently than previously known.

Donald Trump asked billionaire X owner Elon Musk last summer if he wanted to buy Truth Social https://t.co/tAV5BV7XL0 pic.twitter.com/1sA7qHPEWK
Daily Mail Online (@MailOnline), March 12, 2024

Business Insider:
In an interview with CNBC, Trump confirmed that he met Musk recently. The former president claimed he did not know if Musk will endorse him.
Musk restored Trump’s twitter account in November 2022, just weeks after he acquired control of the company through a $44 billion transaction. Trump was banned from Twitter after the deadly Capitol riot of January 6, 2021.
Trump continues to prefer Truth Social despite the fact that he has far fewer fans there than on X.
Business Insider’s requests for comment made outside of normal working hours were not immediately responded to by Musk or Trump. The Post’s requests for comment were not answered by either.
Multiple reports claim that Trump met with Musk in Florida, along with “a few wealthy Republican donors”.
Donald Trump reportedly meets with Elon Musk and GOP donors

The New York Times reported that it spoke to three people who were briefed about the meeting and spoke under the condition of anonymity.
“Mr. The New York Times reported that Trump and his team were working to find more major donors to help him prepare for the general election against President Biden.
“Mr. Trump has praised Musk to his allies and hopes for a one-on-1 meeting with the billionaire in the near future, according to someone who has spoken with Mr. Trump about the matter.

BREAKING NEWS: Donald Trump meets with Elon Musk.
DEVELOPING..
Donald Trump met with Elon Musk on Sunday, in Palm Beach, Florida. Musk is recognized as one the wealthiest people in the world, and several wealthy Republican donors.
This was disclosed by… pic.twitter.com/BZr7Bt9YOC
— Chuck Callesto (@ChuckCallesto) March 6, 2024

The New York Times reports
It’s still unclear whether Mr. Musk intends to spend any money on behalf of Mr. Trump. His recent social media posts indicate that he believes it’s important that Mr. Biden is defeated in November. People who have spoken privately with Mr. Musk confirmed this view.
According to Forbes, with a net worth of approximately $200 billion, Mr. Musk may decide to throw his support behind Mr. Trump, and, potentially, almost alone, erase the huge financial advantage that Mr. Biden, his allies, and the former president are expected to enjoy.
Aides of Mr. Trump have not responded to a comment request. Mr. Musk has not responded to requests for comments.
Mr. Musk has always portrayed himself as an independent-minded businessman. He has, like many other business leaders, donated to candidates of both parties throughout the years. He has not spent a lot of money on a presidential campaign, and his donations over the years have been split fairly evenly between Democrats and Republicans. Mr. Musk’s companies, Tesla and SpaceX have benefited from federal contracts and subsidies.
A person close Mr. Musk told me that his relationship with government made him cautious about identifying with any political party.

“}]] 

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