Trump's Social Media Valuation Plummets, Costing Him Over $2 Billion

• Donald Trump's net worth has declined by over $2 billion in one week as shares of Truth Social's parent company plunge 50% from peak price • Trump owns 79 million shares representing 60% stake in the company, so stock crash has wiped out huge chunk of his wealth
• Brief spike in valuation after launch quickly evaporated amid questions over fundamentals and outlook of the platform • Even GOP lawmakers like Marjorie Taylor Greene sold off holdings amid concerns over business model and metrics • Crashing valuation comes at difficult time for Trump with expensive legal bills and falling income sources