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Donald Trump (76) is going through really tough times. Former US President is on trial for allegedly paying a hush share to porn star Stormy Daniels (44). Faced 34 times for falsifying business records. As if that wasn’t annoying: Trump is financially involved, as the US magazine “Forbes” wrote.
The former president is said to have lost $700 million. His fortune is estimated at $2.5 billion. So Trump doesn’t need to gnaw his hunger pangs. And yet the loss should really piss him off, especially since he brought it on with a prestige project. With its own online platform, Truth Social. Direct attack on Twitter by Elon Musk (51). And a reaction to Trump being banned from Twitter.
Expectations were high from Truth Social. Now Messenger has turned out to be a fiasco. It reported a loss of $550 million in 2022. Americans haven’t warmed to Trump’s Twitter alternative. Even if he celebrates it as a huge success.
Shares, which started at $175, slumped to $14. No wonder: out of the 85 million people who need to exchange information on Truth Social, there are only five million. Only 100,000 new ones are added each month. Not enough to make the big bargain. (be)
Source :Blick
I’m Tim David and I work as an author for 24 Instant News, covering the Market section. With a Bachelor’s Degree in Journalism, my mission is to provide accurate, timely and insightful news coverage that helps our readers stay informed about the latest trends in the market. My writing style is focused on making complex economic topics easy to understand for everyone.
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