Trump Hails Musk's Twitter Takeover, Puts Up Cryptic Post On His Platform

  • Former U.S. President Donald Trump said he was happy Twitter Inc TWTR was in "sane hands" after Tesla Inc TSLA CEO Elon Musk formally took over.
  • Musk snapped Twitter for $44 billion in a deal finalized today.
  • Twitter CEO Parag Agrawal and Chief Financial Officer Ned Segal no longer remained employees of Twitter. 
  • Musk will likely be the interim CEO until he chooses a replacement. 
  • Trump did not offer any update regarding his return to his account after the platform banned him, Reuters reports.
  • Trump said he thought his own Truth Social media platform "looks and works better." 
  • "I LOVE TRUTH," Trump wrote in a post on his platform. 
  • Twitter banned Trump after the deadly January 6, 2021, attack on the U.S. Capitol. 
  • Musk has said he would reinstate Trump's account, but Trump previously said he would not return.
  • Instead, Trump said he would begin posting on his platform Truth Social.
  • Truth Social is part of the Trump Media & Technology Group that is being taken public by the special purpose acquisition company (SPACDigital World Acquisition Corp DWAC.
  • Related: 'Drop To Your Knees And Beg' Donald Trump Goes After Elon Musk On Truth Social
  • Price Action: DWAC shares traded lower by 0.55% at $16.35 on the last check Friday.
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