Donald Trump's Investment in Truth Social
Former President Donald Trump's stake in the corporate owner of Truth Social has dropped by $900 million since Vice President Kamala Harris entered the race for the White House. The stock price has tumbled by about 23% since then, making it a volatile investment.
Key Points
- Trump's stake in Truth Social has dropped by $900 million since Harris entered the race.
- The stock price has tumbled by about 23% since then.
- Trump Media's share price is volatile, driven by hype and momentum.
- Despite the recent selloff, Trump Media is still valued at $5.1 billion.
Pros
- Trump's net worth is estimated at $5.9 billion by Bloomberg.
- Despite recent selloffs, Trump Media is still valued at $5.1 billion.
- Trump is the dominant figure in the company, owning 114.75 million shares.
Cons
- Experts warn that the company is drastically overvalued due to low revenue and small market share in social media.
- Truth Social has struggled to gain traction in the social media world.