CNN —President-elect Donald Trump’s social media stock had been sinking fast after a short-lived, post-election-victory surge this week.
Then, with a single post on Truth Social, he helped boost the stock again – and added a half billion dollars to his net worth as a result.
Trump is the company’s single largest shareholder, and his 114.75 million shares are now worth about $3.7 billion.
Trump media rose just 4.4% over the past five days.
That could be difficult to do, anyway, because the company’s valuation depends almost entirely on Trump’s ownership and participation on Truth Social, its core product.
Persons:
Donald Trump’s, Trump
Organizations:
CNN, Trump Media, Technology Group, Traders, Trump, Truth
Locations:
United States