Trump Media & Technology Group is now valued at over $10 billion after its shares more than quadrupled since late September., based on the most recent value the investment group Fidelity assigned to its stake in the company formerly known as Twitter.The stock of Trump Media, or TMTG, tends to move more with Trump’s re-election odds than on its own profit prospects.Trump created TMTG after he was banned from Twitter and Facebook following the Jan. 6, 2021, Capitol riot.
When Musk took over Twitter in October of 2022, the company was valued at around $44 billion. Above, Musk speaking at Donald Trump’s rally on Sunday.Other companies TMTG is now bigger than include: Caesars Entertainment, Match Group, Walgreens Boots Alliance and Hasbro, the maker of the Monopoly game.
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