The US presidential candidate is considering utilizing the social network Truth Social to generate funds for his election campaign, but this investment is now in jeopardy. Donald Trump’s supporters were prepared for an unpredictable journey ahead, as they took a gamble on this venture.
The parent company of Truth Social, Trump’s social network, has been publicly listed on the US technology exchange Nasdaq under the symbol DJT since the end of March. The company’s business model mirrors the stock ticker symbol, focusing entirely on 77-year-old Donald John Trump.
Recently, the success of Truth Social has been closely tied to Trump’s campaign and the outcome of the US presidential election in November. The recent listing of the company led to a valuation of $9 billion, significantly boosting Trump’s fortune on paper. However, following a price plunge, the company is now worth $3.6 billion, impacting Trump’s stakes in the company. This dramatic shift has limited the potential financial gains Trump could receive if he were to sell his shares.
Trump’s commitment to Truth Social is multifaceted as he faces legal battles and financial challenges amidst the election campaign. Despite these challenges, his followers have remained committed to supporting him through his journey towards victory in November’s presidential race.
The structure and operations of TMTG, the parent company of Truth Social, raise questions about its financial viability. Although