Is Trump Selling Truth Social To Elon Musk?

A new report by the Washington Post claims Donald Trump offered to sell Truth Social to Elon Musk last year.

The unconfirmed report that used two unnamed sources claims Trump asked Musk if he would be willing to buy Truth Social during a meeting last summer.

Musk reportedly was not keen on buying the platform, and the talks ended up not going anywhere.

Trump and Musk have yet to address the report.

Donald Trump Discussed Selling Truth Social To Elon Musk, Report Sayshttps://t.co/L2nZviHWrm pic.twitter.com/4i6RYkUYM1

— Forbes (@Forbes) March 12, 2024

Here’s what Business Insider reported:

Donald Trump reportedly once offered to sell Truth Social to Elon Musk, The Washington Post reported.

The former president made the suggestion last summer, according to the report that cited two unnamed sources.

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At the time, Musk still running Twitter, now known as X, following his chaotic takeover in late 2022 before handing over to Linda Yaccarino.

The Post reported that Musk and Trump have been in contact more than was previously known, with Trump continuing to tell confidants that the Tesla CEO should buy the platform despite the earlier talks going nowhere.

Trump confirmed he recently met with Musk in a CNBC interview. The former president said he didn’t know if Musk would endorse him.

Former president Donald Trump asked Elon Musk last summer whether the billionaire industrialist would be interested in buying Trump’s social network Truth Social, according to two people with knowledge of the conversation. https://t.co/k5gfpNsegt

— The Washington Post (@washingtonpost) March 12, 2024

Per Investing:

Last summer, former President Donald Trump approached Elon Musk, asking whether he was interested in acquiring Trump’s social network, Truth Social, according to a report by the Washington Post on Tuesday.

Despite this conversation, no agreement was reached between the two billionaires. This previously unreported dialogue suggests a closer level of communication between Trump and Musk than previously known, including discussions on various topics related to politics and business, the report states.

Musk and Trump also met earlier this month in Palm Beach, Florida, along with several prominent Republican donors. While the specifics of their discussion remain unclear, Musk later stated on X that he is “not donating money to either candidate for US President.”

The Tesla (NASDAQ:TSLA) CEO’s online activity has recently shown a tilt towards conservative views, including sharing criticisms similar to those made by Trump about the Biden administration’s immigration policies.
At the time of their discussion, Truth Social, owned by Trump’s media company, was entangled in a delayed merger process. When asked by The Washington Post about his conversations with Trump, Musk confirmed he has never visited Mar-a-Lago, Trump’s estate in Palm Beach.