Trump refuses to return to Twitter after Musk's proposal to Donald Trump

Former US President Donald Trump confirmed his intention not to return to Twitter and said that American businessman Elon Musk would have long ago refused to buy the social network if it were not for the obligation to pay $1 billion to exit the deal. He wrote about this on his social network Truth Social, reports the portal Mashable.

On May 10, Musk, who should become the owner of Twitter before the end of 2022, called the permanent blocking of Trump's account a mistake and offered to restore it, noting that the founder of the social network, Jack Dorsey, agrees with his opinion. Later, the businessman once again expressed his readiness to cancel the blocking of Trump's account when Musk becomes the owner of the social network.

“Elon Musk will never buy Twitter at such a ridiculous price, especially since he understands that this is a company largely based on bots and spam accounts. <...> If not for the ludicrous $1 billion fee to exit the deal, Elon would have [refused to buy] long ago,” Trump wrote.

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Trump refused to return to Twitter after it was bought by Musk even before the latter's offer to unblock the account of the former US president. Then Trump said that he prefers his own social network Truth, noting that there are too many fake accounts on Twitter.

Twitter announced a temporary suspension of Donald Trump's account in January 2021, when he was still President of the United States. This came after the storming of the Capitol on January 6 by his Republican supporters, who were unhappy with the victory of Democrat Joe Biden and trusted Trump's claims of fraud. On January 9 last year, Twitter suspended Trump's account permanently "due to the risk of further incitement to violence." At that time, he had 89 million subscribers.

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In early April of this year, Musk acquired a 9.2% stake in Twitter and became one of the largest shareholders of the company, and on April 25 announced his intention to buy the social network completely. Musk valued the company at $44 billion. Under the terms of the purchase agreement, shareholders of the social network will receive $54.20 for each ordinary share. The premium was 38% of the share price at the close of trading on April 1, when Musk announced the acquisition of 9% on Twitter.

After a report on Twitter appeared, which said that about 5% of accounts on this social network are fake or used for spam, Musk announced the suspension of the deal. A day later, he revealed that his team would check 100 random Twitter accounts for authenticity. After that, the company accused the businessman of violating the non-disclosure agreement.