Reported 2 months ago
Former President Donald Trump's net worth has decreased by $900 million since Vice President Kamala Harris entered the presidential race on July 21. Trump's stake in Truth Social, valued at over $4 billion before the announcement, has fallen to about $3.1 billion as the company's share price dropped by approximately 23%. The decline reflects both market volatility and Truth Social's struggles to attract users, as the platform's unique visitors have decreased significantly. Despite this downturn, some experts still consider Trump Media overvalued compared to traditional companies like JetBlue.
Source: YAHOO