Saturday, April 13, 2024

Elon Musk Seeks to Normalize Trump By Reinstating Twitter Account: Who Will Leave? How Will Tesla Stock Fare?


Earlier this evening Elon Musk reinstated Donald Trump to Twitter. He’s seeking to normalize one of the most dangerous people in history. Trump incited riots on January 6th, regularly feeds misinformation and lies to his base, was impeached twice by Congress, and is now under investigation by the Department of Justice.

And that’s just the tip of the iceberg.

Musk’s announcement comes as thousands of Twitter employees have been fired, the company is in chaos, and Twitter accounts — especially from people in media and celebrities– are closing fast. CBS has suspended all its Twitter accounts. Watch for NBC, ABC, and PBS to follow suit, possibly also CNN (we’ll see about the latter).

What effect will this have on Musk’s main company, Tesla? The stock price is already at its bottom, but Monday could bring an even more severe reaction to this news.

As we stand, this site is still on Twitter. But Musk, I feel, has done absolutely the worst thing possible. If Trump gets active and resumes his old ways, that could bring Twitter down for good.

Roger Friedman
Roger Friedman
Roger Friedman began his Showbiz411 column in April 2009 after 10 years with Fox News, where he created the Fox411 column. His movie reviews are carried by Rotten Tomatoes, and he is a member of both the movie and TV branches of the Critics Choice Awards. His articles have appeared in dozens of publications over the years including New York Magazine, where he wrote the Intelligencer column in the mid 90s and covered the OJ Simpson trial, and Fox News (when it wasn't so crazy) where he covered Michael Jackson. He is also the writer and co-producer of "Only the Strong Survive," a selection of the Cannes, Sundance, and Telluride Film festivals, directed by DA Pennebaker and Chris Hegedus.

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