After Truth Social shares more than quadrupled since late September, the platform now has more market value than X.
Former President Donald Trump’s social media company, Truth Social, has surged past Elon Musk’s X (formerly Twitter) in market value.What Are the Social Platforms Worth?
Trump Media & Technology Group (TMTG), Truth Social’s parent company, now holds a valuation of just over $10 billion, after its shares more than quadrupled since late September. This valuation leap moves it above X Holdings, which Fidelity most recently valued at $9.4 billion.
The uptick in TMTG’s stock price appears to correlate less with business performance and more with Trump’s political prospects. As the GOP presidential nominee remains in a close race against Vice President Kamala Harris, the Democratic presidential nominee, investors have taken a keen interest in the company.
