$TRUMP The Truth About Truth Social: A $2.2 Billion Wipeout for Retail Investors (Reuters)
Retail investors who snapped up shares of Trump Media & Technology Group (TMTG) to support their leader faced the harsh reality of the financial markets: while the business generated minimal revenue, its stock price plunged, wiping out the investments of thousands of small investors.
Key figures:
• More than $2.2 billion — total net losses suffered by TMTG retail investors since 2021.
• $460 million — the current value of Donald Trump’s stake (114.75 million shares), which he received WITHOUT MAKING ANY PERSONAL financial investment.
• More than 90% — the drop in the stock’s value from its all-time highs.
The bottom line is bleak: a project touted as a technological challenge to Silicon Valley giants turned out to be a giant bubble. The only winner was Trump himself, who monetized his name, while ordinary Americans who believed in him effectively paid for this political crowdfunding out of their own pockets. $ONE $ETH
Retail investors who snapped up shares of Trump Media & Technology Group (TMTG) to support their leader faced the harsh reality of the financial markets: while the business generated minimal revenue, its stock price plunged, wiping out the investments of thousands of small investors.
Key figures:
• More than $2.2 billion — total net losses suffered by TMTG retail investors since 2021.
• $460 million — the current value of Donald Trump’s stake (114.75 million shares), which he received WITHOUT MAKING ANY PERSONAL financial investment.
• More than 90% — the drop in the stock’s value from its all-time highs.
The bottom line is bleak: a project touted as a technological challenge to Silicon Valley giants turned out to be a giant bubble. The only winner was Trump himself, who monetized his name, while ordinary Americans who believed in him effectively paid for this political crowdfunding out of their own pockets. $ONE $ETH
