A new stock exchange filing is revealing more about why Donald Trump doesn’t plan on returning to Twitter even if Elon Musk lifts the ban on the former President.
Trump has agreed to channel all his social media posts first on his own site, Truth Social, before publishing them on any other platform, according to an SEC filing, which was spotted by CNBC(Opens in a new window).
He’s also agreed to make the posts on Truth Social exclusive for six hours. The only exception is for content focused on “political messaging, political fundraising or get-out-the vote efforts,” which Trump can post at any time on other social media platforms. This condition was likely added in the event he decides to run for US President in 2024.
The arrangement is mentioned in a SEC filing(Opens in a new window) from Digital World Acquisition Corp., which is merging with Trump Media & Technology Group, the company behind Truth Social. According to the document, Trump has entered into a license agreement covering his social media usage.
“Unless notice is given, the TMTG Social Media Exclusivity Term extends in perpetuity for additional 180-day terms,” the SEC filing notes. However, Trump could choose to suspend the exclusivity arrangement due to unforeseen circumstances, for instance, if Apple decides to remove Truth Social from the iOS app store. In addition, the license agreement could dissolve if Digital World Acquisition Corp fails to complete its merger with TMTG.
Last month, Trump himself said he plans on sticking with Truth Social despite Musk’s takeover of Twitter. "I am not going on Twitter, I am going to stay on Truth [Social]," he told Fox News, "I hope Elon buys Twitter because he’ll make improvements to it and he is a good man,
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