Latest news with #MuskFeud
Al Arabiya
18 hours ago
- Politics
- Al Arabiya
Musk deletes post claiming Trump ‘in the Epstein files'
Tech billionaire Elon Musk has deleted an explosive allegation linking Donald Trump with disgraced financier Jeffrey Epstein that he posted on social media during a vicious public fallout with the US president this week. Musk -- who exited his role as a top White House advisor just last week -- alleged on Thursday that the Republican leader is featured in secret government files on former associates of Epstein, who died by suicide in 2019 while he faced sex trafficking charges. The Trump administration has acknowledged it is reviewing tens of thousands of documents, videos and investigative material that his 'MAGA' movement says will unmask public figures complicit in Epstein's crimes. 'Time to drop the really big bomb: (Trump) is in the Epstein files,' Musk posted on his social media platform, X as his growing feud with the president boiled over into a spectacularly public row on Thursday. 'That is the real reason they have not been made public.' Musk did not reveal which files he was talking about and offered no evidence for his claim. He initially doubled down on the claim, writing in a follow-up message: 'Mark this post for the future. The truth will come out.' However, he appeared to have deleted both tweets by Saturday morning. Supporters on the conspiratorial end of Trump's 'Make America Great Again' base allege that Epstein's associates had their roles in his crimes covered up by government officials and others. They point the finger at Democrats and Hollywood celebrities, although not at Trump himself. No official source has ever confirmed that the president appears in any of the material. Trump knew and socialized with Epstein but has denied spending time on Little Saint James, the private redoubt in the US Virgin Islands where prosecutors alleged Epstein trafficked underage girls for sex. 'Terrific guy,' Trump, who was Epstein's neighbor in both Florida and New York, said in an early 2000s profile of the financier. 'He's a lot of fun to be with. It is even said that he likes beautiful women as much as I do, and many of them are on the younger side.' Just last week Trump gave Musk a glowing send-off as he left his cost-cutting role at the so-called Department of Government Efficiency (DOGE). But their relationship imploded within days as Musk described as an 'abomination' a spending bill that, if passed by Congress, could define Trump's second term in office. Trump hit back in an Oval Office diatribe and from there the row detonated, leaving Washington and riveted social media users alike stunned by the blistering break-up between the world's richest person and the world's most powerful. With real political and economic risks to their row, both then appeared to inch back from the brink on Friday, but the White House denied reports they would talk.
Forbes
2 days ago
- Business
- Forbes
Trump-Musk Feud Fallout: DJT Fell 8% As Trump's Fortune Slides By $200M
Shares of Trump Media and Technology Group, the parent company of the president's Truth Social platform, fell by more than 8% on Thursday and wiped more than $200 million from President Donald Trump's net worth, as the president publicly clashed with billionaire Elon Musk—whose personal fortune nosedived nearly $27 billion amid a selloff in Tesla shares. Truth Social's parent company, Trump Media and Technology group's shares fell by 8% amid the ... More Musk-Trump feud. The stock price of Trump Media and Technology Group, which trades on Nasdaq under the DJT ticker, dropped by 8.04% on Thursday to $20.12. The social media company's shares began the day slightly in the red, but fell steeply in afternoon trading as Musk alleged, without evidence, that Trump's name was on the 'Epstein files,' and backed calls for his impeachment. Musk's side of the feud mostly played out on the billionaire's social media platform, X, while the president used his Truth Social platform to respond, where he threatened to 'terminate Elon's Governmental Subsidies and Contracts.' Amid the intense social media feud, several users reported on Downdetector that the TMTG-owned platform was inaccessible to them, with the President's personal feed appearing blank with the message 'No Truths.' According to our estimates, President Donald Trump's net worth stood at $5.4 billion early on Friday, after dropping around $202 million amid Thursday's selloff. Despite this, the president's fortune remains more than double what it was at the start of 2024. In after-hours trading, Trump Media's shares briefly slumped to $19.30. However, signs of a potential truce between Musk and Trump have triggered a slight recovery in the premarket. In early trading on Friday, the social media company's share price went up around 1.15% to $20.35. Tesla has also seen a recovery, with the electric vehicle maker's stock price rising by 4.55% to just below $298.
