Truth Social: A Financial Rollercoaster for Donald Trump
Truth Social's Volatile Journey
Former President Donald Trump's stake in Truth Social and Trump Media & Technology Group experienced staggering fluctuations, reaching over $6 billion in March. However, nearly six months later, losses and a shrinking revenue stream have driven that valuation below $2 billion.
The Decline in Share Value
The stock’s valuation has dropped by more than 70% since its peak in late March, marking a significant decline. On Wednesday, the shares reached a new low, raising concerns among investors.
- Trump’s Stake: Trump owns approximately 60% of Truth Social.
- Investors' Response: Many retail investors, primarily Trump's supporters, express their frustrations on the platform.
Future Outlook
Despite these losses being only theoretical for Trump, who cannot sell his shares yet, the situation has highlighted the challenges facing Truth Social and its financial sustainability moving forward.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.