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

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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.

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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.

 

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