donald trump was elected 45th President of the United States on November 8, 2016. Here’s a look at how one of the top social media platform stocks has performed during his tenure and since he left and was subsequently suspended from the platform.
What happened: Before becoming President of the United States, Trump was widely followed on social media platforms, including Twitter Inc TWTR and Facebook, a platform of meta platforms META.
Trump was one of the most followed accounts on Twitter during his time as President, and the platform was often used to share thoughts and criticism of people and countries while highlighting the President’s success stories.
Trump lost the 2020 presidential election Joe Biden and would resign from office on January 20, 2021.
Trump was suspended from Twitter permanently on January 8, 2021.
“After carefully reviewing the @realDonaldTrump account’s recent tweets and the context around them – particularly how they are received and interpreted on and off Twitter – we have permanently suspended the account due to the risk of further inciting violence,” Twitter said back then.
Before his suspension, Trump had 89 million followers, which would put him seventh on the platform today. Former President Barack Obama is the most visited Twitter account with over 133 million followers, followed by Entertainer Justin Bieber with 114 million followers.
Tesla Inc TSLA chairman Elon Musk Fifth place with over 105 million followers.
The former president has launched his own social media platform by the name truth socialwhich is owned by Trump media and technology group. The new Trump business goes public via SPAC merger Digital World Acquisition Corp DWAC.
Along with using Truth Social is Trump active on rumble, a video media company that merged with CF Acquisition Corp VI. Trump posts videos of his rallies and speeches on Rumble.
Related link: 7 key takeaways from the SPAC deal with Donald Trump
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