Elon Musk Leaked As Buyer Of Truth Social
Truth Social Goes Public.
Free speech absolutist Elon Musk has become dissatisfied with X/Twitter, as the social media site he bought to protect free speech has, for some unknown reason, banned numerous accounts, including credible journalists. I’m sure that has nothing to do with the fact they were all critical of him.
Musk saw an opportunity to rectify this situation on Tuesday by buying into Donald Trump’s Truth Social, and leaks have detailed how Musk went on a spending spree, pushing the company’s value up to $10 billion shortly after it went public, with the value dropped to $7.8 billion by the end of the day.
The genius business move makes complete sense for Musk. Just like X/Twitter, Truth Social is wildly overvalued and far from profitable. Its revenue was only $3.5 million in 2023, with expenses of well over $30 million. Apparently, advertisers don’t want to use either platform and associate themselves with the supposed perfuse “extremism,” “hate speech” and “violent rhetoric” on them. Musk has claimed this is yet more evidence the “woke mind virus” is infiltrating America.