Trump's investment in Truth Social suffers $1 billion hit
Image Credit: finance.yahoo
Donald Trump's investment in social media platform, Truth Social, has lost over $1 billion. This financial setback is due to a reported loss of $58.2 million last year by the company. The loss resulted in a 21.5% plunge in the share value of Trump Media & Technology Group, which oversees Truth Social. The ex-President's substantial investment, previously valued at $4.88 billion post its successful stock market launch last week, dwindled to an estimated $3.83 billion after Monday's market downturn.