Trump Media & Technology Group, which operates the social media network Truth Social, now trumps the estimated value of Elon Musk’s X as Election Day looms.
Trump Media & Technology Group (TMTG) is now valued at over $10 billion after its shares more than quadrupled since late September.
Meanwhile, X Holdings, which was taken private two years ago, is valued at around $9.4 billion, based on the most recent value the investment group Fidelity assigned to its stake in the company.
TRUMP’S TRUTH SOCIAL LOST $58 MILLION IN 2023, AND THE STOCK IS TAKING A HIT