Reports Swirling That Twitter is About to Make a Big Move With President Trump’s Account

Reports Swirling That Twitter is About to Make a Big Move With President Trump’s Account

Woke up to some potentially interesting news. We’re hearing reports that Twitter is about to reinstate President Trump’s Twitter account. Now, I don’t know if this is true, obviously, but I will tell you what’s being said, and you can make up your own mind. The report is coming from an account called “First Squawk” and while they’re not verified, they are a popular tech news account with over 250k followers. So, do with that what you will.

Here’s what they said: “TWITTER INC SAID TO REINSTATE DONALD TRUMP TWITTER ACCOUNT”

So, let’s assume this is true — why would Twitter be doing this? Well, there’s one pretty big reason: they’re tanking and need to generate interest.

Forbes reported back in July that Social media giant Twitter posted a worse-than-expected loss Friday morning in its first earnings report since billionaire Elon Musk backed out on a deal to buy the company, fueled in part by the massive uncertainty around the firm’s fate as it embarks on a potentially lengthy legal battle with the world’s richest person.

San Francisco-based Twitter reported revenue of $1.2 billion in the second quarter, falling short of average analyst estimates calling for $1.3 billion and slipping 1% from the same period last year.

The company also reported a worse-than-expected loss of $270 million, or 35 cents per share—compared to expectations for a loss of 7 cents per share and a profit of $66 million in the second quarter last year.

In its earnings release, Twitter blamed the disappointing performance on advertising industry headwinds associated with broader economic concerns and uncertainty around Musk’s deal to buy Twitter and take it private.

The firm says it’s not hosting an earnings call, issuing a shareholder letter or sharing financial projections with the deal still in flux.

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Twitter also disclosed it spent about $33 million related to the acquisition in the second quarter and $19 million on costs associated with layoffs, including some affecting about a third of the firm’s recruiting team.

Twitter stock futures were down 2% to about $38.50 within minutes of the announcement; shares have plunged more than 40% over the past year, while the S&P 500 has fallen about 16%.

Ouch. And it’s only gotten worse since then.

Here’s what people online are saying:

“Dow & Nsq need it. Welcome back”

“Don’t think it matters, Trump said he’ll never come back.”

“I know Trump says he’ll never come back to Twitter, but the allure that massive account and ability to really get his message out may win over?”

“I will believe this when I see it.”

“Liberal meltdown incoming”

President Trump has said he will not come back to Twitter. Why would he do that when he has Truth? And even though he doesn’t have the same exposure as he did on Twitter, when he posts something noteworthy, it goes viral everywhere.

Back when Elon was supposedly trying to buy Twitter, this is what Trump said when Elon vowed to reinstate his account:

President Donald Trump said on Monday that he will not be returning to Twitter if his account is reinstated, according to a statement he provided to Fox News. Trump’s comments about Twitter come on the same day that the company has announced that it accepted Elon Musk’s offer to acquire the publicly traded company at $54.20/share, valuing the social media platform at $44 billion.

The announcement led to speculation that Trump may return to the social media platform if he is allowed to do so, but it looks like he’s not interested and is instead planning to formally join his own Truth Social platform over the next seven days.

“I am not going on Twitter, I am going to stay on Truth,” Trump told Fox News. “I hope Elon buys Twitter because he’ll make improvements to it and he is a good man, but I am going to be staying on Truth. The bottom line is, no, I am not going back to Twitter.”

The bottom line is that Twitter is in trouble.

They’ve gotten such a bad and well-deserved reputation for one-sided politics and extreme censorship, that it’s no longer a place where you can share your opinions unless they match up with what progressives believe.

We’ll see if this is true, I am skeptical, but who knows?

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