No, Brad Pitt Isn't Selling Trump's Mar-a-Lago... Or Is He? Zillow Rectifies Rumors
Portfolio Pulse from Anthony Noto
Rumors that former President Donald Trump sold Mar-a-Lago and that the Zillow Group Inc (NASDAQ:ZG) listing had actor Brad Pitt as a contact for the property were debunked by Eric Trump. The property was listed as sold for $422 million on Aug. 4, but is now listed as 'not currently for sale.' The property was reportedly transferred to an organization owned by Trump's eldest son, Donald Trump Jr. Trump's publicly-traded company, Digital World Acquisition Corp. (NASDAQ:DWAC), is expected to attract investor interest despite news of Trump's recent arrest.
August 25, 2023 | 8:11 pm
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NEGATIVE IMPACT
Zillow Group Inc was involved in a rumor about the sale of Trump's Mar-a-Lago property. The rumor was debunked, but the incident may raise questions about the reliability of Zillow's listings.
The rumor about the sale of Trump's property, which was listed on Zillow, was debunked. This could potentially raise questions about the reliability of Zillow's listings, which could negatively impact the company's reputation and stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Despite news of Trump's recent arrest, his publicly-traded company, Digital World Acquisition Corp., is expected to attract investor interest.
Despite the negative news surrounding Trump, his publicly-traded company, DWAC, is expected to attract investor interest. This could potentially lead to an increase in the company's stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80