Trump's social media fortune shrinks by $900 million after Harris's entry

Quick Summary:

Despite these temporary gains, Truth Social continues to struggle in gaining a foothold in the competitive social media landscape.

Former US President Donald Trump's once-thriving social media empire is witnessing a sharp decline in fortunes.

However, some analysts caution that the company is severely overvalued, given its minimal revenue and limited presence in the social media market.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Social media competition Trump Stock market Presidential race Social media Financial decline Market value Kamala Harris Truth Social

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-02 @ 12:26:23 (7 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 443 words

Reading Time: 3 minutes read

Sentences: 18 lines

Sentence Length: 25 words per sentence (average)

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

Copyright Owner: © Business Standard

News ID: 21895564

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About Business Standard

Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 252 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 2 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #49

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