Trump has lost $4B in Truth Social wipeout

Published On Sep 9, 2024, 8:16 AM

Donald Trump's social media company, Trump Media & Technology Group, has lost significant value, leading to a nearly $4 billion decline in Trump's net worth due to the drop in stock price. Shares plummeted 72% since their peak in March, with experts questioning the company's inflated valuation and poor revenue generation. Analysts suggest the company's market performance is heavily tied to Trump's political fortunes, particularly ahead of the upcoming election, and warn investors about the risks of tying investments to political outcomes.

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Stock Forecasts

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Negative

Given the substantial drop in stock value and ongoing concerns about the company's viability and profit generation, the forecast for Trump Media & Technology Group remains negative. The relationship between its future performance and Trump's political success suggests volatility ahead.

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