Tesla CEO Elon Musk reacted to former President Donald Trump‘s critique of Facebook when asked about the probable ban on TikTok.
What Happened: In a conversation with Greg Kelly on Newsmax TV, Trump shared his views on a proposed TikTok ban. When the discussion shifted, Trump targeted Facebook, labeling it “the enemy of the people.” Elon Musk responded to these remarks on X.
Trump took the opportunity to criticize Facebook’s handling of campaign spending, referring to the company’s CEO as “Zuckerbucks” and alleging that he spent $500 million in the 2020 election.
Why It Matters: Trump’s allegations against Facebook and its CEO, Mark Zuckerberg, touch on significant issues of campaign finance and the power of social media giants in political processes.
Previously, Trump had criticized Zuckerberg and Meta Platforms Inc. for a $2 million donation to the Georgia elections board, suggesting it may have violated state law.
Moreover, Trump’s stance on social media platforms has evolved. While he once supported a TikTok ban, he now opposes it, arguing that it would benefit Facebook, as seen in a statement on Truth Social. He suggests that without TikTok, Facebook’s business would “double,” a sentiment he echoed in a recent post where he called Meta the “enemy of the people.”
Photos by Frederic Legrand – COMEO on Shutterstock
Engineered by Benzinga Neuro, Edited by Pooja Rajkumari
The GPT-4-based Benzinga Neuro content generation system exploits the extensive Benzinga Ecosystem, including native data, APIs, and more to create comprehensive and timely stories for you. Learn more.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
