Donald Trump Offered to Sell Truth Social to Elon Musk, Report Says

Estimated read time 2 min read
  • Donald Trump once suggested that Elon Musk should buy Truth Social, The Washington Post reported. 
  • The talks went nowhere last summer, but Trump has continued to promote the idea to his circle.
  • Truth Social has faced financial challenges recently.

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Donald Trump once offered to sell Truth Social to Elon Musk, The Washington Post reported.

The former president made the suggestion last summer, according to the Post, which cited two unnamed sources.

At the time, Musk was still running Twitter, now known as X, following his chaotic takeover in late 2022 before appointing Linda Yaccarino as CEO.

The Post reported that Musk and Trump have been in contact more than was previously known, with Trump continuing to tell confidants that the Tesla CEO should buy the platform despite earlier talks going nowhere.

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Trump confirmed he recently met with Musk in a CNBC interview. The former president said he didn’t know if Musk would endorse him.

Musk reinstated Trump’s Twitter account in November 2022, just weeks after he took control of the company in a $44 billion deal. Trump was originally kicked off Twitter following the January 6, 2021, Capitol riot.

However, Trump has preferred using Truth Social despite having far fewer followers there than on X.

Representatives for Musk and Trump did not immediately respond to requests for comment from Business Insider, made outside normal working hours. Neither responded to requests for comment from the Post.

Trump’s “free speech” platform has faced significant financial hurdles since it launched in 2022.

According to SEC filings in November, Truth Social lost tens of millions of dollars last year.

Trump Media and Technology Group, the company that owns Truth Social, has faced a series of delays over its planned merger with the Digital World Acquisition Corp. Last month, the SEC cleared the way for the deal, which has been seen as a major boost for Trump.