Donald Trump's net worth dropped by $1.3 billion in one day due to a plunging stock value for Truth Social's parent company, highlighting volatile investor sentiment.
The Truth Social platform is struggling despite having seen its share price quadruple recently, raising questions about its long-term viability and the sustainability of investor interest.
Analysts suggest the drop in TMTG’s share price may reflect broader electoral predictions, while internal issues like lawsuits and CEO absenteeism contribute to its operational instability.
Despite a massive decline, Trump’s majority stake in Truth Social is still valued at $4.6 billion, emphasizing the peculiar nature of its market perception compared to actual user engagement.
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