Trump’s Twitter Killer # 1 in the App Store as deal increases interest

Ever since Twitter (TWTR) – Download Twitter, Inc. report accepted Tesla (TSLA) – Download Tesla Inc Report and SpaceX CEO Elon Musk’s offer to buy it, Musk’s tweets about Twitter and social media have become more frequent.

The world’s richest man has always been an avid user of Twitter, and his digital soiree, now with over 86.6 million followers, continues to hang on to every single word.

While the official Musk / Twitter deal still faces obstacles, it’s clear that Twitter continues to dominate Musk’s thoughts, and his mind is on his latest $ 44 billion purchase.

Musk is now facing a number of new financing problems, as Tesla’s value has slipped as much as 12% lower, and investors in the electric car company are worried about using its shares as collateral for the deal.

Twitter has also had a few rocky days in the market, closing at $ 48.64 on April 27, a drop in valuation that is far from the $ 54.20 per offer. share that Musk has given.

Meanwhile, Musk has continued to tweet about Twitter despite a clause in the terms of the agreement that he does not “despise” [Twitter] or any of its representatives. “

Musk also jumped into a conversation between users who criticized Twitter for what they said was censoring a story published by the New York Post about Hunter Biden’s laptop.

“Suspending a major news organization’s Twitter account to publish a true story was obviously incredibly inappropriate,” Musk tweeted.

If the deal falls through, Musk is on the hook for $ 1 billion in a broken contract fee, and Twitter might want to go shopping for other suitors.

You can read more about who else would like to buy Twitter here.

Someone who says they will not be on any new version of Twitter?

Former President Donald Trump, who said on April 25 that he would stick to his own Twitter alternative, Truth Social.

Will a Twitter deal save Trump’s platform?

Trump launched his own social media venture through a special-purpose acquisition company, Digital World Acquisition Corp (DWAC), which became publicly available in October 2021.

Investors who supported Trump’s DWAC can now breathe a sigh of relief as the technology company’s stock jumps dramatically on April 27.

This increase followed a massive increase in the number of users downloading the app.

Shares of DWAC rose a maximum of 28% on its highest Wednesday and eventually closed the trading day 9.19% higher at $ 44.55.

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The stock’s development has been volatile recently and its value has fallen by 60% in the last two months.

In a series of tweets, Musk apparently noticed it, tweeting about Trump’s app for social media, Truth Social.

Trump founded the platform as a Twitter alternative after he was suspended from his account for violating the guidelines for use during the January 6 riots at the US capital.

The Twitter deal has apparently given the company new life.

Musk wrote, “Truth Social is currently beating Twitter & TikTok at the Apple Store,” along with a screenshot of the rankings, with Twitter taking second place and Chinese rival TikTok in third place.

Musk later suggested the name “Trumpet” for Truth Social.

Supporters of Trump’s social media brand have had a rocky ride.

Since April 4, the day Musk first revealed a nearly 10% stake in Twitter, the value of Digital World Acquisitions has fallen by 44%.

But so far, users either remember that Trump’s app is out there, or they’ve learned about it via Trump’s comments on the Twitter deal.

Downloads for Trump’s version of Twitter passed 55,000 on April 26, a day after the biggest technology deal between Musk and Twitter was announced.

The number of daily active users on Truth Social rose to 365,000 on April 26, 20% higher than the week ending April 22.

Key executives have left Trump’s SPAC after Musk’s involvement in Twitter became public knowledge, and the digital media company has faced problems with logins and the user interface as a whole.

When comparing placements both Google Play and Apple (AAPL) – Download Apple Inc. report The App Store uses app ratings and user reviews in addition to the number of downloads among other factors.