Elon Musk said on Tuesday that he will reverse the ban Twitter placed on President Donald Trump’s account if his agreement to purchase the social media giant closes as planned.
While speaking in his capacity as Tesla CEA at the Financial Times’ “Future of the Car” event, Musk said that banning the sitting president was “morally bad” and “foolish in the extreme.” He added that the decision to ban Trump was a mistake and “alienated a large part of the country” and did not “ultimately result in Donald Trump not having a voice”
Twitter moved at the same time as other social media platforms to ban Trump’s account shortly after the disturbance at the Capitol Building on January 6, 2021. The company apparently made the move because of concerns that the president’s posts might promote additional violence.
Musk reached an agreement with the Twitter board last month for the billionaire entrepreneur to purchase all outstanding shares of the company’s stock for $44 billion.
Many progressive activists and Democratic politicians expressed concerns about the Musk purchase of the company, claiming it would mean Trump’s reinstatement to Twitter.
Trump said soon after Twitter accepted Musk’s offer to buy the company that he would not return to posting on the platform, even if his account is reactivated. Even though Trump had more than 80 million followers, he said that he will instead use Truth Social, a platform recently launched by his media firm.
He currently has close to 3 million followers on his platform, and has been posting a lot of “truths,” as the posts on the platform are called.
Even though Trump has a strong incentive to promote his own new platform, many observers note that the attraction of a return to his previously massive presence on Twitter may be irresistible.
Musk’s agreement with the Twitter board may still take several months to close completely. Shareholders must still accept the proposal approved by the board for the purchase of the company at $54.20 per share. The Federal Trade Commission and the Securities and Exchange Commission may have regulatory input into the transaction as well.
In the meantime, Twitter’s current management says they will operate the platform as they did before the agreement with Musk was reached.