The social media platform Truth Social under Trump is valued at over X

2024-10-30 08:11:21

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ChainCatcher news, according to Apnews, thanks to the recent rise in stock prices of Trump Media & Technology Group (DJT.O), the value of Trump's social media platform Truth Social has now surpassed that of Musk's X.

Since late September, the stock price of Trump Media & Technology Group has increased more than fourfold, with a market capitalization exceeding $10 billion. According to Fidelity's latest valuation of its holdings in X Holdings, X Holdings is valued at approximately $9.4 billion.

The stock price of Trump Media & Technology Group often fluctuates with the likelihood of Trump's re-election rather than its own profit prospects, as investors believe the chances of Trump reclaiming the presidency have recently increased. On Tuesday, the stock rose more than 12%, following a 21.6% increase on Monday.

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