Trump Media Is Now Worth Almost as Much as Elon Musk’s X With Stock Rallying to New Highs
Reading now: 142
variety.comTodd Spangler NY Digital Editor Trump Media & Technology Group, which operates the Truth Social social-media network, has seen its stock shoot up the weeks leading up to the Nov.
5 presidential election — and it is currently worth almost as much as Elon Musk‘s X, the social-media company formerly known as Twitter.
On Monday, shares of TMTG, which trade under the symbol “DJT,” were up 17% to $45.58/share as of 11:15 a.m. ET, following Trump’s Sunday rally at New York City’s Madison Square Garden.
That gives TMTG, which has reported total revenue of $1.6 million for the first half of 2024 and steep losses, a market cap of about $9.1 billion.
Read more on variety.com
The website celebsbar.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
