Trump's social media company is now worth than Musk's X

  • 📰 AP
  • ⏱ Reading Time:
  • 20 sec. here
  • 12 min. at publisher
  • 📊 Quality Score:
  • News: 46%
  • Publisher: 51%

Donald Trump News

Stocks And Bonds,General News,FL State Wire

Donald Trump’s Truth Social is now worth more than Elon Musk’s X. That's thanks to a recent run-up in the shares of the parent company of the former president’s social media platform. Trump Media & Technology Group is now valued at over $10 billion after its shares more than quadrupled since late September.

Harris reaches for a big moment in her closing argument for 'turning the page' on TrumpTrump says his New York rally marked by crude and racist insults was 'an absolute lovefest'Trump says his New York rally marked by crude and racist insults was 'an absolute lovefest'Shohei Ohtani's rural hometown honors its superstar son — from city hall to the hair salonsIn 'Ibelin' and 'Grand Theft Hamlet,' video game realms draw filmmakers with virtual camerasUS...

The stock of Trump Media, or TMTG, tends to move more with Trump’s re-election odds than on its own profit prospects and investors have seen his chances of retaking the presidency improving of late. On Tuesday, the stock rose more than 12% to $53.30, on top of a 21.6% gain Monday. The stock was moving so sharply that trading was briefly halted several times during the morning.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 728. in BUSİNESS

Business Business Latest News, Business Business Headlines