Donald Trump made a fortune from his social-media venture out of office. But his tariff policies, and the economic consequences associated with them, now threaten that haul.
Read the full story on Forbes: https://www.forbes.com/sites/danalexander/2025/04/07/trumps-truth-social-stake-drops-260-million-as-tariffs-shake-markets/
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Read the full story on Forbes: https://www.forbes.com/sites/danalexander/2025/04/07/trumps-truth-social-stake-drops-260-million-as-tariffs-shake-markets/
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NewsTranscript
00:00Donald Trump made a fortune from his social media venture out of office, but
00:04his tariff policies and economic consequences associated with them now
00:08threaten that all. Donald Trump's stake in the Trump Media and Technology Group,
00:12the parent company of Truth Social, has plummeted $264 million dollars since the
00:17president announced his tariff plan Wednesday and sent global markets
00:21spiraling. Trump shares in the company, the most valuable asset in his portfolio,
00:25declined 12% between end of day Wednesday and 10 a.m. Monday, matching the S&P 500's
00:31decline over the same period. Investors in Trump's company initially shrugged off
00:35news of the tariffs, but the sell-off in Trump's company, which has long traded
00:39with more volatility than the overall market, accelerated Friday, with shares
00:43falling 7.2% compared to 6% for the S&P 500. That trend continued Monday morning
00:49as stock in Trump's business declined 3.7%, while the S&P 500 dipped 2.1%.
00:56Even after the tumble, Trump's business retains a super high valuation relative
01:00to its underlying financials. The Trump Media and Technology Group, which the
01:04market currently values at $3.8 billion, generated just $3.6 million of revenue in
01:102024, down 12% from the previous year. For more on this story, check out Dan
01:16Alexander's article linked in the description.