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Photo: Elijah Nouvelage/Bloomberg via Getty Images

Sources close to former President Trump believe he’s increasingly likely to run in 2024 — and that was even before the Facebook Oversight Board inflamed conservatives by upholding the ban on the former president.

Why it matters: Trump and his inner circle view Facebook reinstatement as crucial to his political comeback. The independent Oversight Board's decision, which gives the company six months to make a final determination, enraged Trumpworld.

Driving the news: Republicans instantly threatened regulatory vengeance. Mark Meadows, former White House chief of staff under Trump, said on Fox News that the announcement was "a sad day for America."

  • "It's a sad day for Facebook because I can tell you a number of members of Congress are now looking at: Do they break up Facebook? Do they make sure that they don't have a monopoly?"
  • "I can tell you that it is two different standards — one for Donald Trump, and one for a number of other people that are on their sites and suggesting more nefarious things than what the president has been accused of, [and] actually go unnoticed, often."

Meadows said the discussion about breaking up Big Tech will begin "within hours" on Capitol Hill: "This is a sad day for America, but a sadder day for the Facebooks of the world, who have actually enjoyed a very wild, wild West kind of regulatory environment. I can tell you that's going to change."

  • The decision gives Trump a juicy new target. But he needs Facebook for a run — both for its fundraising power, and for identifying and mobilizing supporters.
  • His advisers submitted a lengthy written argument to the Oversight Board, and were cautiously optimistic that Trump would be re-platformed.

A top Republican consultant told Axios the decision "reaffirms the view that Big Tech is biased against conservatives."

  • "I don’t think there’s going to be single conservative in America who’s surprised by this," the consultant said.

Go deeper

Aug 10, 2021 - Politics & Policy

One place where Trump still wins

Illustration: Sarah Grillo/Axios

The first three big post-presidency books about Donald Trump have shot up the bestseller list and are selling out.

Yes, but: The actual sales are nothing like some of the books sold during the blockbuster days when he was in the White House and the nation was obsessed.

Surprising pandemic side effect: Soaring trade deficits

Source: Census Bureau and Bureau of Economic Analysis; Chart: Axios Visuals

Inflation and jobs may get all the economic headlines, but meanwhile a big shift is taking place in the underpinnings of the world economy: The U.S. trade deficit is soaring.

What's happening: Americans' spending on imported physical goods has gone through the roof, while exports are growing slowly, making the U.S. the world's consumer of last resort.

Mike Allen, author of AM
2 hours ago - Politics & Policy

Third Way: "Big Lie" could become "Big Coup"

Graphic: Third Way

Third Way, the center-left think tank, is urging fellow Democrats to respond to the Capitol riot with "the size, scope, and seriousness of a presidential campaign," co-founder Matt Bennett tells me.

Driving the news: "For the first time in U.S. history, a party must mount two parallel presidential campaigns: one to win the election, and the other to prevent its theft," Bennett said, calling this "a Paul Revere moment."