Trump PLUMMETS In Sudden Financial Downfall As Truth Social Collapses
Summary
TLDRDonald Trump's net worth has plummeted by $900 million since Kamala Harris entered the presidential race, primarily due to a 23% decline in the value of his shares in Trump Media and Technology Group. This drop is linked to a significant decrease in traffic to Truth Social, Trump's social media platform. The site, which was intended to rival Twitter, has seen a 38% drop in unique visitors compared to the previous year. The video discusses the impact of Elon Musk's acquisition of Twitter on Truth Social and the broader implications for Trump's business ventures.
Takeaways
- 📉 Donald Trump's net worth has reportedly dropped by an estimated $900 million since Kamala Harris entered the race about 10 days ago.
- 📈 The decline in Trump's wealth is attributed to the changing value of his stake in Trump Media and Technology Group, which owns the social media platform Truth Social.
- 📊 Trump Media and Technology Group's value has declined by 23% since July 21st, losing a quarter of its value in a short period.
- 🤔 The reason for the significant loss in value is suggested to be due to new data on the platform's traffic, showing a decrease in unique visitors.
- 📲 In June, Truth Social had just over 2.11 million unique visitors, which is down 38% compared to the same period last year.
- 🔍 This decrease in traffic is notable as it occurred during a time when the platform's owner, Trump, was a presidential candidate, suggesting it should have been a peak period for viewership.
- 🆚 The script contrasts Truth Social's traffic with other platforms, stating that even their YouTube channel has more unique viewers per month than Truth Social.
- 💰 Despite the drop in value and traffic, Truth Social is still supposedly worth $3.1 billion, which the speaker questions as an overvaluation.
- 🚀 Elon Musk's purchase of Twitter is suggested as a factor contributing to the dip in Truth Social's value, as it changes the value proposition of the platform.
- 🤝 The speaker speculates that Elon Musk and Donald Trump should be adversaries, as Musk's actions have negatively impacted Trump's business interests.
- 💡 The script advises investors in Truth Social to consider selling their shares now to minimize losses, suggesting the platform's value may further decrease.
Q & A
What is the reported decrease in Donald Trump's net worth?
-Donald Trump's net worth has reportedly dropped by an estimated $900 million since Kamala Harris entered the race.
What is the connection between Kamala Harris entering the race and Trump's net worth drop?
-The time frame of the net worth drop coincides with Kamala Harris entering the race, but the actual cause is related to the changing value of Trump's stake in Trump Media and Technology Group.
How much of Trump Media and Technology Group does Donald Trump own?
-Donald Trump owns over 114 million shares in Trump Media and Technology Group.
What has been the recent trend in the value of Trump's stake in Trump Media and Technology Group?
-The value of Trump's stake in Trump Media and Technology Group has declined by 23% since July 21st.
What is the reason suggested for the decline in the value of Trump's stake?
-The decline is attributed to new data on the traffic of the site True Social, which shows a significant drop in unique visitors compared to the same period last year.
How many unique visitors did True Social have in June, and what does this represent compared to the previous year?
-In June, True Social had just over 2.11 million unique visitors, which is down 38% compared to the same period last year.
What is the significance of the drop in unique visitors for True Social?
-The drop in unique visitors suggests a decrease in user interest and engagement, which could impact the perceived value of the platform.
What was the initial goal of True Social in relation to other social media platforms?
-True Social was intended to take down Twitter and replace other platforms like Parler, positioning itself as an alternative social media platform.
How does the current traffic of True Social compare to other platforms mentioned in the script?
-True Social has fewer unique visitors per month than the YouTube channel mentioned in the script, and it is suggested that it has far fewer than platforms like Facebook.
What is the current valuation of True Social, and what is the implication of this valuation?
-True Social is currently valued at $3.1 billion, which some might argue is an overvaluation given its traffic and user engagement compared to other platforms.
What is the connection between Elon Musk's acquisition of Twitter and the value of True Social?
-The acquisition by Elon Musk has potentially drawn users back to Twitter, which could have impacted the value proposition of True Social and contributed to its decline in value.
What advice is given to investors of True Social regarding their investment?
-The advice given is to consider getting out of their investment in True Social now to minimize losses, as the value may continue to decrease.
Outlines
📉 Trump's Net Worth Plummets with Truth Social's Declining Value
Donald Trump's estimated net worth has dropped by $900 million since Kamala Harris entered the presidential race, primarily due to a 23% decline in the value of his stake in Trump Media and Technology Group, which owns the social media platform Truth Social. The site's traffic has decreased by 38% compared to the same period last year, with only 2.11 million unique visitors in June, marking the second lowest traffic since June 2022. This downturn in viewership is particularly concerning given that it occurs during a presidential race in which Trump is a candidate. The platform, which was intended to rival Twitter and Parler, is now valued at $3.1 billion, a figure that seems overinflated considering its low traffic and the fact that it has fewer unique visitors per month than a small YouTube channel. The decline in stock value is also attributed to Elon Musk's acquisition of Twitter, which has diminished the appeal of Truth Social as an alternative platform.
💸 Trump's Skill in Monetizing Admirers and the Risks of Investing in Truth Social
Despite the financial hit, the script acknowledges Trump's consistent ability to extract money from his most ardent supporters. Many right-wing Trump fans invested in Truth Social, and now face the reality of their investment being worth significantly less. The script advises these investors to consider selling their shares sooner rather than later to minimize losses, as the value of Truth Social is not expected to recover. It suggests that the platform is not objectively worth $3.1 billion and that the longer investors hold onto their shares, the more they stand to lose. The narrative implies a broader commentary on the nature of investment in media platforms and the influence of high-profile figures like Elon Musk and Donald Trump on market dynamics.
Mindmap
Keywords
💡Net Worth
💡Kamala Harris
💡Trump Media and Technology Group
💡Truth Social
💡Unique Visitors
💡Site Traffic
💡Elon Musk
💡Stock Price
💡Investment Advice
💡Value Proposition
💡Digital Media Industry
Highlights
Donald Trump's net worth has dropped by an estimated $900 million since Kamala Harris entered the race.
The decline in Trump's wealth is linked to the changing value of his stake in Trump Media and Technology Group.
Trump Media and Technology Group, which owns the social platform 'Truth Social', has seen a 23% decline in value since July 21st.
In June, Truth Social had just over 2.11 million unique visitors, down 38% compared to the same period last year.
Truth Social's traffic is the second lowest since June 2022, despite being in the middle of a presidential race.
The platform was expected to compete with Twitter and Parler but has significantly fewer unique visitors.
The speaker's YouTube channel has more unique viewers per month than Truth Social.
Truth Social is supposedly worth $3.1 billion, which the speaker questions as an undervaluation.
A storm is affecting the digital media industry, and the audience is urged to support the platform.
Elon Musk's acquisition of Twitter has impacted the value proposition of Truth Social.
Musk's actions have made Trump's investment in Truth Social less valuable, suggesting a rivalry.
Trump is described as skilled at extracting money from his supporters, even as his investments decline.
Investors in Truth Social are advised to get out now to minimize losses.
The speaker provides a tongue-in-cheek investment warning, urging caution with financial advice.
The speaker concludes by emphasizing the importance of audience support for their platform.
Transcripts
more bad news for Donald Trump you know
that like wealth that he has well he
doesn't have nearly as much of it as he
did just about a month ago his net worth
has dropped by an estimated
$900
million since kamla Harris entered the
race she entered the race like 10 days
ago how do you lose that much money well
in this case we actually know how he
lost that much money it has to do with
the changing value of Trump's stake in
Trump media and Technology Group so
basically the company that own true
social he has over 114 million shares in
it its value is declined by
23% since July 21st again that's like a
week and a half ago it's lost a quarter
of its value now you might be wondering
why is it lost a quarter of its value
well I would say because it was never
worth that and people are just starting
to realize that but it has to do with u
new data on their uh traffic so in June
the site had just over 2.11 unique a
million unique visitors
that's down 38% compared to the same
period last year it's the second lowest
site traffic uh since June
2022 and like okay you can all tell that
that's not a lot of viewers I want to
put it in a couple bits of context the
first bit of context is it's lower than
it was in 2022 we're in the middle of a
presidential race in which the owner of
the platform is a candidate and the
views are down 38% this should be prime
time and by the way to put it in context
this was supposed to like take down
Twitter and replace parlor and all of
those other things it has way fewer
unique visitors per month than our Rinky
Dink YouTube channel has I'm not even
including Facebook or any of the other
platforms where you can get our content
just YouTube we have way more unique
viewers per month than truth social
which is still supposedly worth $3.1
billion if that's the case to those
investors I should be worth at at least
$55 billion at this point come on now
you can get in on the ground floor
people haven't yet wised up to it but I
think that we're being undervalued is
what I would say a storm is tearing up
the digital media industry only our
audience can save us in these difficult
times help us reach our goal of 100,000
new members at tyt.com team and Brett
I'm going to put up as you give your
your thoughts uh the fall of the stock
price everyone can take a look at this
yeah so what's responsible for this dip
I would say
well first I just want to point out like
the one there's two interesting things
to me about this one is the concept of
value as it pertains to a social media
site it is depressing that value in that
magnitude can be ascribed to truth
social where it is just a sad Hive of
scum and villainy and speaking of which
the reason that it's down so far is
because Elon Musk bought Twitter and the
value proposition of true social was
okay Twitter is run by Jack dorsy and
Nancy Pelosi's over who knows like some
weird concept of the the left is
overbearing and now and so everyone
flocked to tr social when Trump got
kicked off Twitter well everybody
preferred to use Twitter I prefer to use
Twitter I left Twitter because it has
become basically what I criticize true
social for I'm not on Twitter nearly as
much but you know who is on Twitter more
now the cat turds of the world who are
like oh under Elon Musk it is a free
area to play and whip our metaphorical
stupid wieners
out now what's what I think is an
interesting thing that should start to
develop and happen is Elon Musk and
Donald Trump should hate each other yes
Elon Musk is playing Donald Trump right
now he has work
Donald Trump so hard that $45 million a
month that he theoretically proposed to
give is a financial investment in
Sinking truth social saying hey Trump
users who were there and the other
places that popped up in the wake of
Twitter falling apart I have reopened
the cess pool for you to take a dip in
and by doing that he has out businessed
the business Mogul that is theoretically
Donald Trump even though time and time
again he does stuff like this which
tanks his stock that said he's still
worth
3.2 billion dollar or what 3.1 billion
doar the site is um and he has a large
sh share in it and he only has to be a
jerk and in the news so that is a pretty
good business uh model for him because
it's also his like you know original
condition so um he everybody sucks in
this story but Trump the most I agree he
does not deserve a lot of credit for a
lot of things but he has always been
very skilled at extracting money from
the people who trust and admire him the
most and he's continuing to do that and
lots of right-wing Trump fans invested
in true social their investment is worth
far less than it was uh but there is
there is good news to those people if
you get out now you will lose less money
than if you wait because the longer you
wait the less it's going to be worth
because it ain't really worth
objectively $3.1
billion you should get out now is what
you should do again don't take
investment advice from me in any sort of
Legally actionable way but you're going
to lose more money if you
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