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Donald Trump
Donald John Trump (born June 14, 1946) is the 45th and current president of the United States. Before entering politics, he was a businessman and television personality. Trump was born and raised in Queens, a borough of New York City, and received a bachelor's degree in economics from the Wharton School. He took charge of his family's real-estate business in 1971, renamed it The Trump Organization, and expanded its operations from Queens and Brooklyn into Manhattan. The company built or renovated skyscrapers, hotels, casinos, and golf courses. Trump later started various side ventures, mostly by licensing his name. He bought the Miss Universe brand of beauty pageants in 1996, and sold it in 2015. He produced and hosted The Apprentice, a reality television series, from 2003 to 2015. As of 2020, Forbes estimated his net worth to be $2.1 billion.[
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Truth Social: why Donald Trump’s social media ‘meme stock’ surged and fell by over US$1 billion within a week

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Donald Trump’s social media platform, Truth Social, went public on Tuesday March 26. Shares in parent company Trump Media & Technology Group surged 15% after its first day of trading on the Nasdaq stock exchange, adding US$1.1 billion (£876 million) to the company’s value.

Trump wrote “I LOVE TRUTH SOCIAL” on the platform, echoing the sentiment of “I just like the stock” from the GameStop share rally that occurred in January 2021.

For those who do not remember the GameStop case, shares in the Texan computer games retail chain experienced an unprecedented surge in prices following the activity of retail investors on the social media platform, Reddit.

Millions of investors from Reddit’s WallStreetBets community pushed GameStop shares from US$20 to US$480 during the January “short squeeze”, in which they drove some hedge funds into heavy losses after forcing them to liquidate massive bets against the stock.

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