Former President Donald Trump was worth $5.9 billion before his stock price plummeted.
Former President Donald Trump’s shares in his social network Truth Social fell by $900 million after Vice President Kamala Harris launched her re-election campaign. CNN writes this on Thursday, August 1.
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According to reporters, the share price of Trump Media & Technology Group, the company that owns Truth Social, has fallen about 23% since President Joe Biden refused to seek a second term and supported the election of Harris.
“Before the fall, the value of Trump’s majority stake in the company was just over $4 billion; now it has dropped to $3.1 billion,” the media reported.
Also, the price of the shares fell after the latest opinion poll showed that Harris’s rating began to rise.
“This isn’t Truth Social’s only problem: in June, the number of unique visitors to the platform dropped by 38% compared to the same period last year,” CNN wrote.
Remember that Harris criticized Trump at his first campaign rally.
Russia fears Harris election win – WP
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Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.