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Trump Media Is Now Worth Almost as Much as Elon Musk’s X With Stock Rallying to New Highs

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variety.com

Todd 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.

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