Donald Trump’s presidential campaign is mulling a return to Twitter and Facebook for the former tweeter-in-chief. Such a move might help his stalled political operation, but it could also seriously undermine his most prominent current business endeavor, the social media platform Truth Social. Shares in Digital World Acquisition Corp.—a company that’s supposed to one day merge with Truth Social’s parent company and take it public—dropped precipitously on the news that Trump was eyeing a return to other platforms.
As has been the case for most of his time since founding Truth Social, Trump didn’t seem particularly concerned about soothing investors or pushing back on worries that he might neglect his pet media project. His Truth Social posts on Wednesday were extended diatribes about the investigation into the discovery of classified documents at Mar-a-Lago and a flurry of links to stories about Hunter Biden. (In one post, Trump claimed he took folders marked as “classified” as souvenirs and suggested someone might have planted real classified information among them.)