Twitter reportedly nearing bargain to accept Elon Musk's offering

Fox Business' Kelly O'Grady provides updates equally Twitter is reportedly set to accept billionaire Elon Musk's bid to buy the social media platform.Play a trick on Business' Kelly O'Grady provides updates as Twitter is reportedly set to accept billionaire Elon Musk's bid to purchase the social media platform.

NEWYou lot can at present mind to Fox News manufactures!

Exclusive: Former President Trump will not return to Twitter, even as Elon Musk purchases the social media company and reinstates his account, instead using his own TRUTH Social every bit the sole platform for his vocalism.

Twitter, on Monday afternoon, appear information technology agreed to be acquired by Musk for $44 billion.

The old president told Play a trick on News Monday that he volition formally join his ain TRUTH Social over the next 7 days, equally planned.

MUSK, TWITTER IN TALKS TO REACH DEAL

"I am not going on Twitter, I am going to stay on TRUTH," Trump told Fob News. "I hope Elon buys Twitter considering he'll make improvements to information technology and he is a good man, merely I am going to exist staying on TRUTH."

Trump told Play a trick on News he will begin "TRUTHing" over the adjacent calendar week.

The Trump Media & Technology Grouping social media platform, TRUTH Social, formally launched last month and has been upward and running under its make-new deject services for four days, afterward having beta-tested since February. Former Rep. Devin Nunes, R-Calif., is the company's CEO.

"We're taking in millions of people, and what nosotros're finding is that the response on TRUTH is much better than being on Twitter," Trump said. "Twitter has bots and fake accounts, and we are doing everything we tin."

He added: "The lesser line is, no, I am not going back to Twitter."

Trump was permanently suspended from Twitter, Facebook, Instagram, and Snapchat following the Jan. half dozen, 2021 Capitol riot. Twitter deemed a number of his tweets connected to the violent protests as inflammatory and warned of "the adventure of further incitement of violence."

TRUMP'S TRUTH SOCIAL DEVELOPING CONTENT MODERATION PRACTICES TO ENSURE 'FAMILY-FRIENDLY' Customs

When asked whether a Musk-owned Twitter could be contest to TRUTH, Trump said that he feels it would be a positive development in the social media space.

A screengrab of former President Trump's suspended Twitter page.

A screengrab of former President Trump's suspended Twitter page.

"I recollect information technology is good. We want liberty and justice and fairness in our land, and the more we tin take open, the better," Trump said. "But no, I don't view that as a competition for what I am doing."

"This is a platform for my phonation. TRUTH is a platform for my voice and for my supporters," Trump said. "Just I want everybody to come up over to TRUTH—conservatives, liberals, whatever."

The former president said Twitter "became very boring because conservatives were thrown off or got off the platform when I left."

"It became tedious because in that location was no interaction," Trump said. "The interaction on TRUTH has been astonishing."

He added: "We want everybody."

TWITTER SAYS TRUMP WOULDN'T BE ALLOWED BACK ON PLATFORM EVEN IF HE RAN AGAIN FOR PRESIDENT

"TRUTH Social will be a voice for me," Trump continued. "And that'southward something nobody else tin get."

The old president would not annotate on whether he has been in contact with Musk.

A source familiar told Play tricks News that Trump and Musk have a very good relationship and are friendly. The source cited Trump coming to Musk's defense in 2018 after the Tesla CEO was charged with securities fraud over misleading tweets about a potential transaction to take Tesla private.

Musk, on Mon, tweeted:

"I hope that fifty-fifty my worst critics remain on Twitter, because that is what free spoken communication ways," Musk tweeted.

Meanwhile, TMTG CEO Devin Nunes told Fox News Mon that TRUTH Social has an "uncancellable architecture at present that is working flawlessly and lightening-quick."

"What President Trump started with this company really is a move, that has led united states to a point where now Elon Musk is saying, hey, this is a problem," Nunes said. "And we're glad he is maxim it is a trouble."

The topic of content moderation has come under scrutiny from critics on the correct, who take argued that tech giants should no longer benefit from protections of Department 230 of the Communications Decency Act if they conscience certain viewpoints.

President Donald Trump listens during a roundtable discussion on the Federal Commission on School Safety report, in the Roosevelt Room of the White House, Tuesday, Dec. 18, 2018, in Washington. 

President Donald Trump listens during a roundtable discussion on the Federal Committee on School Safe report, in the Roosevelt Room of the White Firm, Tuesday, Dec. 18, 2018, in Washington. (AP Photo/Evan Vucci)

The provision has been pivotal to the rising of today's social media giants by assuasive not simply Net service providers –­ but besides Google, Twitter, Facebook, YouTube, and others –to be shielded from liability from content posted on their platforms by third parties, in most cases.

Section 230 of the Communications Decency Act currently states that "no provider or user of an interactive computer service shall exist treated equally the publisher or speaker of any information provided by another information content provider."

Trump Media & Technology Group first launched in October. The company said last month that the partner has agreements for $1 billion in capital letter from institutional investors.

TMTG's plan is to go a publicly listed visitor through a merger with the publicly traded Digital World Acquisition Corp., a special purpose conquering company whose sole purpose is to learn a individual company and take it public.