Trump's Ex-Presidency May Be Backfiring As His TMTG Stock Drops, Eroding His Net Worth, According to His Niece: Donald's Bubble Bursts

Quick Summary:

Campaign Windfall: According to Mary Trump, TMTG, the parent of the Truth Social platform, could potentially serve as a “front for a campaign finance scam.” 

In a Substack post, she questioned the company’s $10 billion valuation, considering its reported annual revenue of merely $4.1 million and $58 million in losses.“The Trump Media merger with Digital World Acquisition was a massive infusion of cash to Donald — a gift masquerading as an investment,” she said.

Mary Trump underscored the regulations governing campaign donations, noting the limits set by the Federal Election Commission (FEC) and the transparency required for donors. 

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Article Details

Author / Journalist: Shanthi Rexaline

Category: Technology

Markets: United States

Topics: Benzinga General Equities News Top Stories Tech Social Media Politics Donald Trump Media DJT TRUTH Social Mary Trump

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-04-02 @ 06:54:39 (1 months ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 683 words

Reading Time: 4 minutes read

Sentences: 20 lines

Sentence Length: 35 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 20580120

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