Truth Social parent company Trump Media now worth more than X as Election Day nears

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

Donald Trump’s Truth Social is now worth more than Elon Musk’s X, thanks to a recent run-up in the shares of the parent company of the former president’s social media platform.

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