Donald Trump's platform has a "terrible name" and only exists because of the "censored free speech" of the social media site, according to Musk.
The Export-Import Bank held a conference on April 25, 2014, in Washington. Alex Wong poses for a picture.
Musk early Wednesday noted Truth Social was topping the charts in App Store downloads before mocking the platform, "Should be called Trumpet instead!"
Trump told Fox News that he would not use his account on the social networking site if it were to be restored.
The former president said that he hopes that Musk buys the company because he will make improvements to it and he is a good man.
Truth Social is one of several look-alikes that have appeared over the past year, all of which promote themselves as free speech alternatives safe for right-wing discourse after the January 6 storming of the U.S. Capitol. More than a million registered users are unable to access the platform because of technical problems. The future of the Truth Social is in serious doubt after the board of the company unanimously approved Musk's offer to purchase 100% of the company's shares and turn it private. Musk has said that he will operate a free speech platform that will allow all speech to be protected by law.
The purchase is subject to a final vote from the shareholders of the company. The company is scheduled to hold a shareholder meeting on May 25.
The Trump Media and Technology Group plans to go public through a merger with Digital World Acquisition Corp. The share price of DWAC has dropped by more than 50% since early March. The stock was up more than 10% on the day, but took a hit after Musk's message, dropping from $47.31 to $45.41 in less than a minute.
Trump will use his own TRUTH Social even as Musk buys the platform.
Gettr is a right-wing platform that claims user Surge after Plugs.
Despite March 31 goal to be fully operational, Trump's truth social still Plagued with Glitches.
If the deal falls through, Musk will pay $1 billion.
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