Trump PLUMMETS In Sudden Financial Downfall As Truth Social Collapses

Summary

Donald 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.