This illustration photo show the Facebook page of former President Donald Trump on a smartphone screen in Los Angeles, March 17, 2023.
Chris Delmas | AFP | Getty Images
On Friday, Donald Trump wrote a message on his Truth Social messaging platform that was reminiscent of the waning days of his presidency, when his public posts got him kicked off Twitter, Facebook and YouTube.
In complaining about a potential indictment, Trump warned of “potential death & destruction” should he be charged with a crime. Trump was reacting to the latest developments in a hush money probe and to Manhattan District Attorney Alvin Bragg, whose office has been leading the investigation.
Following the Jan. 6 Capitol attack over two years ago, the major U.S. social networks banned Trump, citing his threatening rhetoric and the risks of further violence if he were to remain on their platforms.
They’ve since welcomed him back.
In November, Twitter’s new owner, Elon Musk, said he was reinstating Trump’s account after running a straw poll asking his followers if he should readmit the ex-president, who is again campaigning for his old job.
“The people have spoken. Trump will be reinstated,” Musk wrote. He’d foreshadowed the decision months earlier, saying at a conference in May that “permanent bans should be extremely rare and really reserved for accounts that are bots, or scam, spam accounts,” adding that, “it was not correct to ban Donald Trump.”
Meta announced in late January that Trump would soon be allowed to return to Facebook and Instagram. Nick Clegg, Meta’s president of global affairs, wrote in a blog post that “the public should be able to hear what their politicians are saying — the good, the bad and the ugly — so that they can make informed choices at the ballot box.”
And most recently, Google’s YouTube said this month that Trump would be allowed to start posting videos again.
Now the question is — what are the rules from here?
Thus far, Trump has been relatively quiet on the major social media platforms. Rather, he’s stuck to daily musings on Truth Social, writing in a post this week that Democrats are “INTERFERING IN OUR ELECTIONS, THEIR NEW FORM OF CHEATING!!”
He hasn’t tweeted since Jan. 8, 2021. On Facebook, Trump has posted a few snippets from his rallies and some some fundraising blasts. On YouTube, he’s got one new video, from March 17, announcing to his 2.7 million subscribers, “I’M BACK!”
The companies that punished Trump for his prior antics have little reason to believe his behavior will change. His Truth Social posts are littered with examples to the contrary. Advocacy group Accountable Tech wrote in a recent report that it found over 350 Trump posts on Truth Social that would violate Facebook’s safety rules.
“He’s using Truth Social to incite people,” said Jessica González, co-CEO of media and tech advocacy organization Free Press. She said his posts there remind her “in some ways of what he was saying before January 6.”
Prior to Meta’s reinstatement of Trump’s Facebook account, Free Press sent a letter to the company urging it to “permanently instate Meta’s ban on former President Donald Trump.” The letter cited a draft report on the Jan. 6 attack by the U.S. House of Representatives’ Select Committee that said the “the risk of violence has not abated” since the insurrection.
Meta said in January, in letting Trump back onto Facebook and Instagram, that the risk to to public safety “has sufficiently receded.”
The company said at the time it had implemented “new guardrails” intended “to deter repeat offenses” by Trump, including limiting his reach and removing the reshare button on questionable posts.
“In the event that Mr. Trump posts further violating content, the content will be removed and he will be suspended for between one month and two years, depending on the severity of the violation,” Meta said.
A Meta spokesperson declined to comment about Trump’s Truth Social posts and pointed to the company’s statement in January.
Twitter responded to a request for comment with Musk’s standard poop emoji retort.
Elon Musk attends The 2022 Met Gala Celebrating “In America: An Anthology of Fashion” at The Metropolitan Museum of Art on May 02, 2022 in New York City.
Dimitrios Kambouris | Getty Images
YouTube didn’t provide a comment for this story. Leslie Miller, vice president of public policy in Google’s video unit, said in a prior statement that the company “carefully evaluated the continued risk of real-world violence, balancing that with the importance of preserving the opportunity for voters to hear equally from major national candidates in the run up to an election.”
Miller said the “channel will continue to be subject to our policies, just like any other channel on YouTube.”
The clearest restrictions on Trump come from Truth Social, but they have nothing to do with the substance of his posts. According to an agreement between the two parties, Trump must post on Truth Social six hours before publishing on a competing social network.
However, that exclusivity deal is scheduled to end in June.
“That’s when we’ll really see whether the platforms are going to be willing to abide by the guardrails they put in place,” González said, adding that the limitations put in place by Meta “are just weak.”
Angelo Carusone, CEO of the nonprofit Media Matters, said he’s concerned that Trump’s campaign will spread disinformation and incite violence on Truth Social and Rumble, another conservative social network. Facebook and Twitter can be used to guide his many millions of followers to those other apps, which have minimal guidelines on content.
The risks posed by Trump’s social media habits are greater now that Musk is in control of Twitter, Carusone said.
“Twitter was typically the first one out of the gate to make a policy change” regarding content and disinformation, Carusone said. Under Musk, Twitter “will no longer be a vanguard for addressing disinformation or extremism,” he said.
Musk has said that he’s only running Twitter as CEO temporarily and that he hopes to appoint a successor by the end of this year. As the 2024 elections near, it’s unclear if any other social network will assume a leadership role regarding policy matters.
González says it’s only a matter of time before Trump’s inflammatory posts create headaches for the major social networks.
“The more cornered he feels and the more his power and his freedom are under threat, the more we’re going to see him lash out,” González said. “He’s proven that he will have no restraint.”
Watch: Will a Trump indictment impact the debt ceiling debate?
The Nasdaq MarketSite in New York, June 9, 2023.
Michael Nagle | Bloomberg | Getty Images
Silicon Valley executives and financiers publicly opened their wallets in support of President Donald Trump’s 2024 presidential run. The early returns in 2025 aren’t great, to say the least.
Following Trump’s sweeping tariff plan announced Wednesday, the Nasdaq suffered steep consecutive daily drops to finish 10% lower for the week, the index’s worst performance since the beginning of the Covid pandemic in 2020.
The tech industry’s leading CEO’s rushed to contribute to Trump’s inauguration in January and paraded to Washington, D.C., for the event. Since then, it’s been a slog.
The market can always turn around, but economists and investors aren’t optimistic, and concerns are building of a potential recession. The seven most valuable U.S. tech companies lost a combined $1.8 trillion in market cap in two days.
Apple slid 14% for the week, its biggest drop in more than five years. Tesla, led by top Trump adviser Elon Musk, plunged 9.2% and is now down more than 40% for the year. Musk contributed close to $300 million to help propel Trump back to the White House.
Nvidia, Meta and Amazon all suffered double-digit drops for the week. For Amazon, a ninth straight weekly decline marks its longest such losing streak since 2008.
With Wall Street selling out of risky assets on concern that widespread tariff hikes will punish the U.S. and global economy, the fallout has drifted down to the IPO market. Online lender Klarna and ticketing marketplace StubHub delayed their IPOs due to market turbulence, just weeks after filing with the Securities and Exchange Commission, and fintech company Chime is also reportedly delaying its listing.
CoreWeave, a provider of artificial intelligence infrastructure, last week became the first venture-backed company to raise more than $1 billion in a U.S. IPO since 2021. But the company slashed its offering, and trading has been very volatile in its opening days on the market. The stock plunged 12% on Friday, leaving it 17% above its offer price but below the bottom of its initial range.
“You couldn’t create a worse market and macro environment to go public,” said Phil Haslett, co-founder of EquityZen, a platform for investing in private companies. “Way too much turbulence. All flights are grounded until further notice.”
CoreWeave investor Mark Klein of SuRo Capital previously told CNBC that the company could be the first in an “IPO parade.” Now he’s backtracking.
“It appears that the IPO parade has been temporarily halted,” Klein told CNBC by email on Friday. “The current tariff situation has prompted these companies to pause and assess its impact.”
‘Cave rapidly’
During last year’s presidential campaign, prominent venture capitalists like Marc Andreessen backed Trump, expecting that his administration would usher in a boom and eliminate some of the hurdles to startup growth set up by the Biden administration. Andreessen and his partner, Ben Horowitz, said in July that their financial support of the Trump campaign was due to what they called a better “little tech agenda.”
A spokesperson for Andreessen Horowitz declined to comment.
Some techies who supported Trump in the campaign have taken to social media to defend their positions.
Venture capitalist Keith Rabois, a managing director at Khosla Ventures, posted on X on Thursday that “Trump Derangement Syndrome has morphed into Tariff Derangement Syndrome.” He said tariffs aren’t inflationary, are effective at reducing fentanyl imports, and he expects that “most other countries will cave and cave rapidly.”
That was before China’s Finance Ministry said on Friday that it will impose a 34% tariff on all goods imported from the U.S. starting on April 10.
At Sequoia Capital, which is the biggest investor in Klarna, outspoken Trump supporter Shaun Maguire, wrote on X, “The first long-term thinking President of my lifetime,” and said in a separate post that, “The price of stocks says almost nothing about the long term health of an economy.”
However, Allianz Chief Economic Advisor Mohamed El-Erian warned on Friday that Trump’s extensive raft of import tariffs are putting the U.S. economy at risk of recession.
“You’ve had a major repricing of growth prospects, with a recession in the U.S. going up to 50% probability, you’ve seen an increase in inflation expectations, up to 3.5%,” he told CNBC’s Silvia Amaro on the sidelines of the Ambrosetti Forum in Cernobbio, Italy.
Former Microsoft CEOs Bill Gates, left, and Steve Ballmer, center, pose for photos with CEO Satya Nadella during an event celebrating the 50th Anniversary of Microsoft on April 4, 2025 in Redmond, Washington.
Stephen Brashear | Getty Images
Meanwhile, executives at tech’s megacap companies were largely silent this week, and their public relations representatives declined to provide comments about their thinking.
Microsoft CEO Satya Nadella was in the awkward position on Friday of celebrating his company’s 50th anniversary at corporate headquarters in Redmond, Washington. Alongside Microsoft’s prior two CEOs, Bill Gates and Steve Ballmer, Nadella sat down with CNBC’s Andrew Ross Sorkin for a televised interview that was planned well before Trump’s tariff announcement.
When asked about the tariffs at the top of the interview, Nadella effectively dodged the question and avoided expressing his views about whether the new policies will hamper Microsoft’s business.
Ballmer, who was succeeded by Nadella in 2014, acknowledged to Sorkin that “disruption is very hard on people” and that, “as a Microsoft shareholder, this kind of thing is not good.” Ballmer and Gates are two of the 12 wealthiest people in the world thanks to their Microsoft fortunes.
C-suites may not be able to stay quiet for long, especially if the recent turmoil spills into next week.
Lise Buyer, who previously helped guide Google through its IPO and now works as an adviser to companies going public, said there’s no appetite for risk in the market under these conditions. But there is risk that staffers get jittery, and they’ll surely look to their leaders for some reassurance.
“Until markets settle out and we have the opportunity to access valuation levels, public company CEOs should work to calm potentially distressed employees,” Buyer said in an email. “And private company managements should refine plans to get by on dollars already in the treasury.”
— CNBC’s Hayden Field, Jordan Novet, Leslie Picker, Annie Palmer and Samantha Subin contributed to this report.
-
Sports2 years ago‘Storybook stuff’: Inside the night Bryce Harper sent the Phillies to the World Series
-
Sports12 months agoStory injured on diving stop, exits Red Sox game
-
Sports1 year agoGame 1 of WS least-watched in recorded history
-
Sports2 years agoMLB Rank 2023: Ranking baseball’s top 100 players
-
Sports4 years ago
Team Europe easily wins 4th straight Laver Cup
-
Environment2 years agoJapan and South Korea have a lot at stake in a free and open South China Sea
-
Environment2 years agoGame-changing Lectric XPedition launched as affordable electric cargo bike
-
Business3 years agoBank of England’s extraordinary response to government policy is almost unthinkable | Ed Conway