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Truth Social parent company Trump Media now worth more than Elon Musk’s X as Election Day nears
Newsweek ^
| 29 Oct 2024
| Natalie Venegas
Posted on 10/30/2024 2:01:35 AM PDT by blueplum
Former President Donald Trump's social media company, Truth Social, has surged past Elon Musk's X (formerly Twitter) in market value.
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....
On Tuesday, TMTG shares rose 9 percent to close at $51.51, following a 21.6 percent gain the day before. Trading was so intense that it triggered multiple halts, a stark contrast to the stock's low of approximately $12 just last month....
(Excerpt) Read more at newsweek.com ...
TOPICS: Business/Economy; News/Current Events; Politics/Elections
KEYWORDS: stocks; trump; truthsocial
Trump owns 57% of Truth Social. The increase in valuation pushes his personal stake to over $4 Billion. Truth Social was visited 13.5 million times last month, compared to 706 million times for X.
1
posted on
10/30/2024 2:01:35 AM PDT
by
blueplum
To: blueplum
To: blueplum
Musk didn't do it for the money. Musk did it for you and me.
To be fair...Lets look at the total bankroll for each of them.
To: DeplorablePaul
Could be that he just did.
To: blueplum
Utter nonsense of course,
X is a private company with vastly more active daily users than Truth and still increasing fast.
To suggest Truth is worth more than X is stupid, Truth is not even close to X in users or value.
5
posted on
10/30/2024 2:16:07 AM PDT
by
SmokingJoe
( )
To: blueplum
Pray for President Donald Trump
Pray for Elon Musk
6
posted on
10/30/2024 2:16:27 AM PDT
by
SaveFerris
(Luke 17:28 ... as it was in the Days of Lot; They did Eat, They Drank, They Bought, They Sold ......)
To: DeplorablePaul
7
posted on
10/30/2024 2:17:43 AM PDT
by
SmokingJoe
( )
To: SmokingJoe
Nobody is “suggesting” it. It is what how the market is valuing it.
8
posted on
10/30/2024 2:22:43 AM PDT
by
Red in Blue PA
(You can vote your way into socialism, but you have to shoot your way out.)
To: SmokingJoe
Apparently it’s the only way I’ll get my twitter account unsuspended. I miss insulting celebrities.
To: blueplum
I have never been able to joint Truth Social. The page just freezes.
10
posted on
10/30/2024 2:25:28 AM PDT
by
TalBlack
(Fight Fight Fight America https://www.youtube.com/watch?v=IKOJdMog6T0)
To: SmokingJoe
well, sure but it warms the cockles of my heart that all those traders (traitors?) who worked so hard to short the stock are now eating their shorts, pun intended
11
posted on
10/30/2024 2:26:23 AM PDT
by
blueplum
("...this moment is your moment: it belongs to you... " President Donald J. Trump, Jan 20, 2017) )
To: Red in Blue PA
What “market” you babbling about?
There is no market on X, X is a private company.
Its what some far left political Democrat controlled outfit is saying in an attempt to attack Musk, Its irrelevant.
To: TalBlack
Member of both Truth and X,
Both great but X has vastly more users and a far greater reach. Plus you get to actually talk to the greatest entrepreneur on the planet, Elon Musk,
To: TalBlack
Try using another device to set up an account.
14
posted on
10/30/2024 3:03:11 AM PDT
by
MomwithHope
(Forever grateful to all our patriots, past, present and future.)
To: blueplum
Harris’ tax on unrealized capital gains (25%) would really hurt
15
posted on
10/30/2024 3:47:30 AM PDT
by
griswold3
(Truth Beauty and Goodness)
To: griswold3
To: blueplum
Down 4.5% this morning in early voting. Sell off is beginning.
To: blueplum
Down over 10% today. Symbol: DJT, right?
18
posted on
10/30/2024 7:13:04 AM PDT
by
Vigilanteman
(The politicized state destroys aspects of civil society, human kindness and private charity.)
To: Vigilanteman
right; DJT:
$53 by Tues afternoon down to $40ish today’s closing; no doubt some profit-skimming (1million trades) happening today by 12pm followed by a buying rally (+400K trades) by 3pm
19
posted on
10/30/2024 2:51:34 PM PDT
by
blueplum
("...this moment is your moment: it belongs to you... " President Donald J. Trump, Jan 20, 2017) )
To: blueplum
wth does newsleak know about the markets??
20
posted on
10/30/2024 3:31:53 PM PDT
by
markman46
(engage brain before using keyboard!!!)
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