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Donald Trump's net worth has surpassed $7.48 billion, making him richer than George Soros and Mark Cuban, following the public listing of Trump Media. However, despite the high valuation of his social media company, there are concerns about the actual worth and potential market impact. Trump's media company, trading under the ticker symbol DJT, has seen significant gains since its debut on the stock market, raising questions about its sustainability and future performance.
Fidelity’s Blue Chip Growth Fund cut the value of its position in X by 5.7% in February, implying a 73% decline in the former Twitter since Elon Musk bought the social-media company
Fidelity lowers its valuation for X (Twitter) by another 5.7% in February, taking its full write down to 73% from the original $44 billion valuation. This values the company at $11.9bn vs peak $8bn for $DJT. Fidelity owns its stake in the Fidelity Blue Chip Growth Fund...
The parent company of former President Trump’s Truth Social platform defied expectations in its first week on the stock market. Trump Media & Technology Group stock closed at roughly $62 per share after a whipsaw week of trading. https://t.co/OazUgKSG77