Investors in former President Donald Trump’s social media venture’s parent company rejoiced Thursday, the anniversary of the Capitol riot, as shares skyrocketed by 20%.

Trump Says “I Don’t See Any Reason For It” To Truth Social Users After Twitter Reinstatement

Donald Trump on Saturday said he had no interest in returning to Twitter even as the majority voted in favor of reinstating the former U.S. president in a poll organized by new owner Elon Musk.

Donald Trump on Saturday said he had no interest in returning to Twitter even as the majority voted in favor of reinstating the former U.S. president in a poll organized by new owner Elon Musk.

Slightly over 15 million Twitter users voted in the poll with 52% voting in favor of reinstatement.

“The people have spoken. Trump will be reinstated,” Musk tweeted.

Trump’s Twitter account, which had over 88 million followers before he was banned on Jan. 8, 2021, began accumulating followers and had nearly 83.1 million followers by 10:30 am ET Sunday.

Some users initially reported being unable to follow the reinstated account on Saturday evening.

Trump had appeared less than keen earlier in the day.

“I don’t see any reason for it,” the former president said via video when asked whether he planned to return to Twitter by a panel at the Republican Jewish Coalition’s annual leadership meeting.

He said he would stick with his new platform Truth Social, the app developed by his Trump Media & Technology Group (TMTG) startup, which he said had better user engagement than Twitter and was doing “phenomenally well”.

Donald Trump on Saturday said he had no interest in returning to Twitter even as the majority voted in favor of reinstating the former U.S. president in a poll organized by new owner Elon Musk.

Trump, who on Tuesday launched a bid to regain the White House in 2024, praised Musk and said he had always liked him. But Trump also said Twitter suffered from bots and fake accounts and that the problems it faced were “incredible”.

Truth Social has been Trump’s main source of direct communication with his followers since he began posting on the app regularly in May.

He has used Truth Social to promote his allies, criticize opponents and defend his reputation amid legal scrutiny from state, congressional and federal investigators.

Trump’s agreement with the company opens the door for Trump to engage extensively on other platforms, but Trump is obligated to give Truth Social a six-hour exclusive on any post – but is free to post “political messaging, political fundraising or get-out-the vote efforts” on any site, at any time, according to a May SEC filing.

On Saturday, Bloomberg reported Twitter could fire more employees in its sales and partnership divisions, citing unnamed sources, just days after a mass resignation of engineers.

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