Home Politics Live Elections Shock for Trump: Wins the election but loses $1.9 billion shortly after

Shock for Trump: Wins the election but loses $1.9 billion shortly after

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FILE - The stock price for Truth Social is shown at the Nasdaq building on March 26, 2024, in New York. (AP Photo/Frank Franklin II, File)

After securing his return to the White House, Donald Trump faces a surprising financial blow.

Just as U.S. markets are breaking records in a wave of “Trump euphoria,” one stock isn’t sharing in the success: Truth Social, Trump’s own social media platform, has seen its stock plummet from $44 to $27, costing Trump a staggering $1.9 billion.

Trump Takes the Hit

With a 57% ownership stake in Truth Social, this loss has directly impacted Trump’s personal wealth, estimated at around $6 billion. Even for a billionaire, the nearly $2 billion hit is a substantial dent — a surprising setback amid what should be a victory lap for the newly elected president.

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