AFP via Getty ImagesĪccording to an SEC filing by TMTG, Trump “is generally obligated to make any social media post on TruthSocial and may not make the same post on another social media site for 6 hours.” Trump was banned from Twitter following the events at the US Capitol on Jan. Trump could conceivably return to Twitter without facing any legal repercussions - but only if he gives priority to his own app. “If it’s going to look, later on, that he never had that intention but he just wanted to convince people that they should go ahead and close that’s kind of a textbook securities fraud lawsuit,” Columbia Law School professor Eric Talley told Semafor. Twitter / Trump’s company were to go public only for him to devalue Truth Social by resuming his Twitter activities - and thus giving his tens of millions of followers a reason to abandon the fledgling social media platform and return to Musk’s outfit - shareholders could sue him, a legal expert told Semafor. Elon Musk followed through on his pledge to reinstate Trump’s account after acquiring Twitter for $44 billion. TMTG is locked into an agreement with Digital World Acquisition Corp., a special purpose acquisition company (SPAC), which was created to take Trump’s company public. Truth Social is a privately held property of Trump Media & Technology Group, which is owned by the former president. The reinstatement of Trump’s Twitter account comes at a pivotal juncture for the 45th president, who recently announced his intention to run again for the White House. Judge orders Southwest lawyers to take ‘religious-liberty’ classes with conservative Christian legal groupĭeSantis blasts ‘sham’ special counsel as Trump, GOP descend on Iowaįormer President Donald Trump could stand to lose millions of dollars if he succumbs to temptation and resumes communicating with the masses through Twitter now that new boss Elon Musk reinstated his account.ĭespite Musk’s apparent attempts to goad Trump into tweeting again, Trump has insisted that he is content to stay put at his own social media platform, Truth Social, which he founded after he was banned by mainstream tech platforms last year. Trump blasts ‘phoney’ Georgia DA after report prosecutors have texts, emails linking him to voting system breach Mike Pence refuses to identify as ‘MAGA Republican’ - vows to ‘clean house’ at DOJ
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