Former US President Donald Trump is creating his own social network and is already in talks with
Donald Trump has always had a special relationship with social media. His tenure in power was even called the Twitter presidency because of Trump’s special love for this social network.
But Trump left office with blocked accounts on Facebook, Instagram and YouTube. And Twitter altogether closed his personal account with 88 million subscribers forever.
What is Donald up to now?
Own platform
Trump will return to social media in two or three months “with his own platform,” Trump adviser Jason Miller said on Fox News.
“I think we will see President Trump return to social media, probably in two or three months, with his own platform,” Miller said. He expressed confidence that the Trump project “will completely change the rules of the game.”
Asked if the platform will be created in collaboration with a tech company, Miller said Trump has had a large number of meetings with representatives from different companies.
“This new platform will be big. Everyone wants [сотрудничать с ним]and he’s going to attract millions and millions, tens of millions [пользователей] to this platform, ”Miller said.
Negotiations in progress
Trump is in talks to create his own social network with several application providers and is considering cooperation with the existing platform, Axios reports, citing sources familiar with the details of the discussions.
According to them, Trump and his adviser Dan Scavino drew attention to a relatively unknown platform called FreeSpace.
At the same time, it is unclear how the ex-president’s business relations with potential partners will develop, the newspaper notes: Trump is known for being in no hurry to invest in third-party companies, preferring to use other people’s money to finance his projects.
Sources say the deal is far from over. “It could be any of several companies, and there will be more meetings this week,” says an Axios source.
Eternal ban
In early January, supporters of Donald Trump, then the president of the United States, stormed the Congress building during the approval of the presidential election results. Trump himself urged his supporters to go to the building of Congress. As a result of the assault, five people were killed.
It was after this that the social networks blocked Trump’s accounts. Due to the storming of the Capitol, the lower house of the US Congress initiated the impeachment process of Trump – for the second time in his presidential term. Trump was acquitted by the upper house of Congress in February. 57 senators voted in favor of impeachment, with the required 67 votes.
Following Trump’s departure from the presidency, the former president’s office began to release his statements via email.
Trump said that he did not intend to return to his beloved Twitter, as the social network “is not the same.”
He also stressed that the leadership of the social network humiliated Trump and his supporters by regularly flagging his posts. “It’s a shame. At the same time, representatives of the other side wrote whatever they wanted, and Twitter did nothing about it, ”he added.
Influence through social media
Twitter really played a big role in Trump’s life. Trump’s Twitter has been referenced by the media, has been studied by analysts and financiers, and has been targeted by investors and traders.
With his statements, Trump has collapsed and raised oil prices, twice brought down the stock exchange, increased and decreased the fortune of entrepreneurs. Despite mistakes and misprints in words, neglect of historical facts and rather caustic attacks towards his opponents, Trump actually showed how a word can respond.
Analyzing Donald Trump’s Twitter account, analysts from the American bank JPMorgan Chase concluded that the president’s tweets containing the words “China”, “billion” and “goods” were most influenced by the president’s tweets. They calculated a special index that tracks how the yield on US government bonds changes within five minutes after Trump’s tweets. writes Bloomberg.
It turned out that of almost 4,000 Trump messages, 146 had an impact on the markets, and most of all – on the yield of two and five-year US Treasuries. In addition to domestic influence, Trump’s tweets have had an impact on global markets. For example, the announcement of the US President about the introduction of new duties on Chinese goods led to a sharp drop in the American and Asian indices.
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