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Trump Media Is Now Worth More Than Elon Musk’s X After Stock Rallies to New Highs

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variety.com
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Todd Spangler NY Digital Editor Trump Media & Technology Group, which operates the Truth Social social-media network, has seen its stock soar in the weeks leading up to the Nov.

5 presidential election — and it is currently worth more than Elon Musk‘s X, the social-media company formerly known as Twitter.

On Monday, shares of TMTG, which trade under the symbol “DJT,” finished the day up 21.6% to $47.36/share in regular trading.

The latest surge followed 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 capitalization of nearly $9.5 billion.

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