Trump’s social media fortune shrinks by $900 million after Harris’s entry

Former US President Donald Trump’s once-thriving social media empire is witnessing a sharp decline in fortunes. The former President’s stake in Truth Social, the platform hailed as a conservative alternative to mainstream social media, has seen a staggering $900 million drop in value since Vice President Kamala Harris entered the race for the White House on July 21, reported CNN.

Trump Media & Technology Group, the corporate owner of Truth Social, has seen its share price fall by approximately 23 per cent in the wake of Harris’s announcement, with an additional significant drop occurring last Thursday during a broader market selloff.