With 9.2 per cent stake, worth nearly $3 billion, Elon Musk became the biggest shareholder of Twitter, more than the stake held by the Vanguard Group, Morgan Stanley, and the company’s co-founder Jack Dorsey. The news of him being in the Twitter board of directors has set the world in euphoria. Twitter got flooded with the trend #bringBackTrump immediately. Speculations are high as the former president of the United States of America Donald Trump is an ardent admirer of the Tesla CEO. The stake and a board seat is also likely to give Musk more power to influence the operations of the microblogging site.
The former president was permanently banned from the micro-blogging site’s platform two days after his supporters stormed the U.S. Capitol on Jan. 6, 2021. Twitter in a blog post cited “the risk of further incitement of violence.”
Subsequently, Trump launched his own microblogging social media site called The Truth Social. Recently Forbes gave him a new title: tech entrepreneur. “Truth Social has already been downloaded, glitches and all, more than a million times—and has helped lift his fortune from $2.4 billion a year ago to $3 billion today. #ForbesBillionaires”. Forbes Tweeted.
Even though Twitter on Tuesday said it had no plans to bring back Trump, Elon Musk on the board may change things in the next few days. Where does Truth Social stand, if Trump, one of the highest-followed influencers on Twitter makes a comes back?