Musk buying Twitter could wreck Trump's social-media company

  • 📰 YahooSG
  • ⏱ Reading Time:
  • 48 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 71%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Unexpected collateral damage 😅

. if Trump won’t post for fear of failure, then his followers have no reason to be there, leaving Truth Social with neither chicken nor egg.So it seems safe to conclude that yes, Trump would love to pick up where he left off on Twitter. And of course he could have accounts on both. But if he resurfaced on Twitter, what would be the point of Truth Social? It’s hard to see any point at all. There are already a couple of fringe social media networks for right-wingers, such as.

If Trump were to rejoin Twitter, another interesting question is whether he would be violating a fiduciary duty to DWAC shareholders by essentially selling out his own social media network in favor of one that clearly has more heft. Whatever the outcome, if Musk’s purchase of Twitter would surely have some impact on Truth Social that the parent company, as a public entity, will have to report to the Securities and Exchange Commission—which Elon Musk loathes.

Ironies abound. As Musk takes Twitter private, he will absolve the company of most public reporting, while perhaps forcing Trump’s company to acknowledge uncomfortable new developments affecting shareholders. And if Musk offers Trump his former perch on Twitter, it could harm DWAC shareholders who bought into the company as a way of supporting their man Trump. Perhaps the one thing Musk and Trump have most in common is the amount of work they create for lawyers.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in CA

Canada Canada Latest News, Canada Canada Headlines