Trump's social media platform Truth Social is now worth more than Musk's X, helped by a recent rise in the share price of Trump Media Technology Group (DJT. O).
Trump Media Technology Group's shares have more than quadrupled since late September, giving it a market capitalization of more than $10 billion. According to Fidelity's latest valuation of its stake in X Holdings, X Holdings is valued at about $9.40 billion.
The article said that the stock price of Trump Media Technology Group tends to move with the probability of Trump's re-election rather than its own profit prospects, and investors believe that Trump's chances of regaining the presidency have recently improved. The stock rose more than 12% on Tuesday and 21.6% on Monday.
Trump's social media platform Truth Social is valued at more than X
2024-10-29 20:22:01
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