Trump says this should never happen to a sitting president again after Meta restores Facebook and Instagram accounts

Former President Donald Trump has responded to Meta Platforms Inc META restoring his Facebook and Instagram accounts.

What happened: Trump said on Truth Social, a platform owned by Trump Media & Technology Group, set to go public through a merger with Digital World Acquisition Corp DWAC "Facebook has lost billions of dollars in value since your favorite president, me, just announced he's reinstating my account."

"Such a thing should never again happen to a sitting president, or anyone else who doesn't deserve retaliation!"

Trump thanked Truth Social, which he said "does such an amazing job." He said the platform's growth is "exceptional" and its future "unlimited".

Why it matters: Digital World shares were volatile on Wednesday after Meta made the decision.

Trump's account was suspended a day after his supporters rioted on Capitol Hill two years ago. The former president's account should become active in the coming weeks.

The former U.S. leader faces 'heavier penalties' for a repeat offense, according to a blog post by Meta's president of global affairs, Nick Clegg.

"In the event that Mr. Trump posts further infringing content, the content will be removed and suspended for a period of one month to two years, depending on the severity of the violation. says Clegg.

Price Action: On Wednesday, Meta shares closed down 1.15% at $141.50, while Digital World shares ended the day up 2, 9%, according to Benzinga Pro data.

Read more: George Santos says he was attacked and got his shoes and watch stolen in the middle of fifth avenue

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