Record High for S&P 500
The S&P 500, a key stock market index, reached a record high today. This is great news for the economy and for many Americans who have investments in the stock market.
Truth Social’s Decline
On the other hand, Truth Social, a company associated with former President Donald Trump, saw its stock drop to $12.15. This is a 10.3% decrease in just one day.
Market Capitalization Loss
Truth Social has lost more than 75% of its value in the last six months. This means that the company’s market capitalization, or total value, has significantly decreased.
Trump’s Shares
Former President Trump’s shares in Truth Social are now worth about $1.4 billion. However, it’s unlikely he could sell them for that much without help from his wealthy friends in Russia or Saudi Arabia.
Future Outlook
It will be interesting to see what happens to Truth Social’s stock price as we approach November. Will it continue to fall, or will it recover?
