Internet split as reports claim Donald Trump has now lost $267M with 'erratic' Truth Social stock

WASHINGTON, DC: According to a recent financial analysis, Donald Trump has lost over $267 million as the value of his own media firm continues to decline, according to Raw Story.

According to Newsweek, Trump Media's stock values fell 6.29 percent on Monday, June 17, bringing share prices to just $34.72 as of Tuesday, June 18.

Reports claim Trump is $267M in the red with 'erratic' Truth Social stock

According to reports, Truth Social's parent firm saw a low point last week that hasn't been witnessed since April—the month that news of the true earnings—and losses—of Trump's social network company leaked.

According to financial filings, 2023 revenues were $4.1 million, and there was a $58.2 million net loss, Forbes reported. Based on an examination of Securities and Exchange Commission filings by Newsweek, Trump owns 114.75 million shares, or 65 percent of the company.

Notably, according to Newsweek, Tuttle Capital Management CEO Matthew Tuttle estimates that Trump has lost about $267 million to date.

Moreover, Todd Landman, a political science professor at Nottingham University in the United Kingdom, warned Newsweek that investors in Trump Media shares were taking a serious risk by holding the company, which has a low of $22.55 and a high of over $80.

He said, "The share price trends have been highly volatile and erratic. A 50-point swing in value appears, on the face of it, quite risky."

Internet divided as reports claim Trump lost $267M

Internet users had mixed reactions to the revelations regarding Trump''s continuing financial woes.

A user wrote on X, "How terrible for him," while one added, "Good for him, he is brilliant businessman."

A person stated, "Some things never change. I can imagine Fred Trump's epiphany after he bought Donald a surefire bet. A casino. All he had to do is stay out of the way and take the money to the bank," whereas one mentioned, "Low float stock that is highly manipulated."

However, one wrote, "He didn’t lose a dime. He put up no capital except his name and owns roughly 65% of the Company which is worth $3.3 billion," while one stated, "Foreign money interests will make sure trump comes out on top."

A person mentioned, "It’s not a loss if it cost him nothing. People what actually paid for the stock are the losers." Another said, "My understanding is he didn’t have to put up any actual cash for his shares, if that’s true, theoretically he hasn’t lost a dime, just not made as much as he could have."

This article contains remarks made on the Internet by individual people and organizations. MEAWW cannot confirm them independently and does not support claims or opinions being made online.