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.

Outlines

00:00

📉 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.

05:01

💸 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.

Keywords

💡Net Worth

Net worth refers to the total value of an individual's assets minus their liabilities. In the video, it is mentioned that Donald Trump's net worth has dropped significantly, which is a central theme as it discusses the financial implications of his media ventures and the value of his stake in Trump Media and Technology Group.

💡Kamala Harris

Kamala Harris is the Vice President of the United States. The script humorously suggests that her entry into the race has somehow impacted Trump's net worth, though the actual cause is the decline in the value of Trump's media company, illustrating the script's satirical tone.

💡Trump Media and Technology Group

This is the company that owns 'Truth Social,' where Trump has a significant stake. The script discusses how the value of this company has declined, which is directly tied to the decrease in Trump's net worth, highlighting the financial challenges faced by the company.

💡Truth Social

Truth Social is a social media platform launched by Trump Media and Technology Group. The script uses it as an example of a venture that has not performed as expected, with a significant drop in unique visitors and a subsequent decrease in its valuation.

💡Unique Visitors

Unique visitors refer to the number of individual users who visit a website. The script mentions a 38% decrease in unique visitors to Truth Social compared to the same period the previous year, indicating a decline in the platform's popularity and relevance.

💡Site Traffic

Site traffic is a metric that measures the number of visits to a website. The script points out that Truth Social's site traffic is lower than expected, especially considering the high-profile nature of its owner and the current political climate, suggesting a failure to capture audience interest.

💡Elon Musk

Elon Musk is a prominent entrepreneur and CEO of companies like Tesla and SpaceX. The script suggests that his acquisition of Twitter has impacted the value proposition of Truth Social, as it was initially positioned as an alternative to Twitter when Trump was banned.

💡Stock Price

Stock price is the cost at which shares in a company are bought and sold. The script discusses the dip in the stock price of Trump Media and Technology Group, which is tied to the declining value of Truth Social and the company's performance.

💡Investment Advice

The script humorously mentions 'investment advice' while discussing the potential financial pitfalls of investing in Truth Social. It serves as a cautionary note to viewers, suggesting that they should consider the risks before investing in such ventures.

💡Value Proposition

Value proposition refers to the reason why a product or service is worth the price being asked for it. The script critiques the value proposition of Truth Social, suggesting that it does not offer enough to justify its valuation, especially in comparison to other social media platforms.

💡Digital Media Industry

The digital media industry encompasses companies that create, distribute, and monetize content through digital channels. The script uses the challenges faced by Truth Social to comment on broader issues within the digital media industry, such as competition and audience retention.

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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