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Trump’s Net Worth Plummets by $900m As Truth Social Crumbles After Harris Entered The Race - trumpwatcher.com
Donald Trump’s political fortunes aren’t the only thing spiraling downwards since Kamala Harris announced her candidacy for the 2024 presidential race. His financial standing has also suffered a dramatic $900 million decrease. The sharp drop is attributed to the declining...
trumpwatcher.com
Donald Trump’s political fortunes aren’t the only thing spiraling downwards since Kamala Harris announced her candidacy for the 2024 presidential race. His financial standing has also suffered a dramatic $900 million decrease. The sharp drop is attributed to the declining value of Trump’s stake in Trump Media and Technology Group (TMTG), the parent company of his social media platform, Truth Social.
Since July 21, the value of TMTG’s stock has fallen by 23 percent, from $4 billion to approximately $3.1 billion, CNN reports.
TMTG’s stock has frequently mirrored Trump’s political fortunes, experiencing declines during legal troubles and surges following major political victories or crises, such as the recent assassination attempt against him.
The latest decline adds to a troubling period for TMTG, as Truth Social has faced its worst audience metrics to date. Recent data reveals that the platform attracted just over 2.11 million unique visitors in June, marking a 38 percent drop compared to the previous year. This figure is a significant decline from the 3.2 million visitors the site saw at its launch in February 2022, and represents the second-lowest traffic level since June 2022.