Reported about 1 month ago
Donald Trump's social media company, Truth Social, has seen its value plummet by approximately $4 billion, affecting Trump's net worth significantly. Shares of Trump Media & Technology Group have dropped 74% since a high in March, pushing Trump off the Bloomberg Billionaires Index. Analysts are concerned about the company's financial viability, particularly as revenue remains low and the social media platform struggles to compete. Market analysts warn potential investors to be cautious and to consider the company's fundamentals over political allegiance.
Source: YAHOO