{"id":120035,"date":"2024-10-30T11:18:48","date_gmt":"2024-10-30T04:18:48","guid":{"rendered":"https:\/\/hotvideos24.online\/?p=120035"},"modified":"2024-10-30T11:18:48","modified_gmt":"2024-10-30T04:18:48","slug":"truth-social-parent-company-trump-media-now-worth-more-than-x-as-election-day-nears","status":"publish","type":"post","link":"https:\/\/hotvideos24.online\/?p=120035","title":{"rendered":"Truth Social parent company Trump Media now worth more than X as Election Day nears"},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<\/p>\n<div><!----> <!----> <\/p>\n<div class=\"featured featured-video video-ct\">\n<div class=\"contain\">\n<div class=\"info\">\n<div class=\"caption\">\n<p>&#8216;Varney &amp; Co.&#8217; host Stuart Varney reacts to Tesla CEO Elon Musk offering a daily $1 million payday to a voter who signs his America PAC petition.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><a href=\"https:\/\/www.foxbusiness.com\/quote?stockTicker=DJT\" target=\"_blank\" rel=\"noopener\">Trump Media &amp; Technology Group<\/a>, which operates the social media network Truth Social, now trumps the estimated value of Elon Musk&#8217;s X as Election Day looms.<\/p>\n<p>Trump Media &amp; Technology Group (TMTG) is now valued at over $10 billion after its shares more than quadrupled since late September.\u00a0<\/p>\n<p>Meanwhile, X Holdings, which was taken private two years ago, is valued at around $9.4 billion, based on the most recent value the investment group Fidelity assigned to its stake in the company.<\/p>\n<p><a href=\"https:\/\/www.foxbusiness.com\/markets\/trumps-truth-social-lost-58-million-2023-stock-taking-hit\" target=\"_blank\" rel=\"noopener\"><strong>TRUMP&#8217;S TRUTH SOCIAL LOST $58 MILLION IN 2023, AND THE STOCK IS TAKING A HIT<\/strong><\/a><\/p>\n<div class=\"inline image-ct\">\n<div class=\"m\"><picture><source media=\"(max-width: 767px)\" srcset=\"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2024\/04\/343\/192\/Apps-on-phone-scaled.jpg?ve=1&amp;tl=1, https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2024\/04\/686\/384\/Apps-on-phone-scaled.jpg?ve=1&amp;tl=1 2x\"><source media=\"(min-width: 768px) and (max-width: 1023px)\" srcset=\"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2024\/04\/672\/378\/Apps-on-phone-scaled.jpg?ve=1&amp;tl=1, https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2024\/04\/1344\/756\/Apps-on-phone-scaled.jpg?ve=1&amp;tl=1 2x\"><source media=\"(min-width: 1024px) and (max-width: 1279px)\" srcset=\"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2024\/04\/931\/523\/Apps-on-phone-scaled.jpg?ve=1&amp;tl=1, https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2024\/04\/1862\/1046\/Apps-on-phone-scaled.jpg?ve=1&amp;tl=1 2x\"><source media=\"(min-width: 1280px)\" srcset=\"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2024\/04\/720\/405\/Apps-on-phone-scaled.jpg?ve=1&amp;tl=1, https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2024\/04\/1440\/810\/Apps-on-phone-scaled.jpg?ve=1&amp;tl=1 2x\"><img decoding=\"async\" src=\"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2024\/04\/931\/523\/Apps-on-phone-scaled.jpg?ve=1&amp;tl=1\" alt=\"Apps on a cell phone including YouTube, Facebook, Instagram and Snapchat\"\/><\/source><\/source><\/source><\/source><\/picture><\/div>\n<div class=\"caption\">\n<p><span>Donald Trump\u2019s Truth Social is now worth more than Elon Musk\u2019s X, thanks to a recent run-up in the shares of the parent company of the former president\u2019s social media platform.<\/span><span> (Anna Barclay\/Getty Images \/ Getty Images)<\/span><\/p>\n<\/div>\n<\/div>\n<p>Truth Social&#8217;s worth has soared in recent weeks as Nov. 5 nears. On Tuesday, the stock rose almost 9% to $34.17.<\/p>\n<p><a href=\"https:\/\/www.foxbusiness.com\/markets\/trump-media-shares-surge-market-debut\" target=\"_blank\" rel=\"noopener\"><strong><u>TRUMP MEDIA SHARES SURGE IN MARKET DEBUT<\/u><\/strong><\/a><\/p>\n<p>Since its listing, Trump Media has been popular with traders who view it as a speculative bet on Trump winning the Nov. 5 election. He owns 57% of the company, making his stake now worth almost $4 billion.<\/p>\n<div class=\"inline image-ct\">\n<div class=\"m\"><picture><source media=\"(max-width: 767px)\" srcset=\"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2024\/08\/343\/192\/Elon-Musk-Donald-Trump-split-1.jpg?ve=1&amp;tl=1, https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2024\/08\/686\/384\/Elon-Musk-Donald-Trump-split-1.jpg?ve=1&amp;tl=1 2x\"><source media=\"(min-width: 768px) and (max-width: 1023px)\" srcset=\"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2024\/08\/672\/378\/Elon-Musk-Donald-Trump-split-1.jpg?ve=1&amp;tl=1, https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2024\/08\/1344\/756\/Elon-Musk-Donald-Trump-split-1.jpg?ve=1&amp;tl=1 2x\"><source media=\"(min-width: 1024px) and (max-width: 1279px)\" srcset=\"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2024\/08\/931\/523\/Elon-Musk-Donald-Trump-split-1.jpg?ve=1&amp;tl=1, https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2024\/08\/1862\/1046\/Elon-Musk-Donald-Trump-split-1.jpg?ve=1&amp;tl=1 2x\"><source media=\"(min-width: 1280px)\" srcset=\"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2024\/08\/720\/405\/Elon-Musk-Donald-Trump-split-1.jpg?ve=1&amp;tl=1, https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2024\/08\/1440\/810\/Elon-Musk-Donald-Trump-split-1.jpg?ve=1&amp;tl=1 2x\"><img decoding=\"async\" src=\"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2024\/08\/931\/523\/Elon-Musk-Donald-Trump-split-1.jpg?ve=1&amp;tl=1\"\/><\/source><\/source><\/source><\/source><\/picture><\/div>\n<div class=\"caption\">\n<p><span>A split image of Tesla CEO Elon Musk and former President Trump.<\/span><span> (Getty Images \/ Getty Images)<\/span><\/p>\n<\/div>\n<\/div>\n<p>The upward trend of Trump&#8217;s social media platform came after the stock had dropped roughly $12 last month.<\/p>\n<table class=\"stock-fundamentals\">\n<thead>\n<tr>\n<th class=\"ticker\">Ticker<\/th>\n<th class=\"security\">Security<\/th>\n<th class=\"last\">Last<\/th>\n<th class=\"change\">Change<\/th>\n<th class=\"percent\">Change %<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td class=\"ticker\"><a href=\"https:\/\/www.foxbusiness.com\/quote?stockTicker=DJT\">DJT<\/a><\/td>\n<td class=\"security\">TRUMP MEDIA &amp; TECHNOLOGY GROUP CORP<\/td>\n<td class=\"last\">51.51<\/td>\n<td class=\"change pos\">+4.15<\/td>\n<td class=\"percent pos\">\n        +8.76%\n      <\/td>\n<\/tr>\n<tr\/><\/tbody>\n<\/table>\n<p>In the quarter ending in June, TMTG lost more than $16 million, while generating $837,000 in revenue.<\/p>\n<p><a href=\"https:\/\/www.foxbusiness.com\/video\/6349968006112\" target=\"_blank\" rel=\"noopener\"><strong><u>DEVIN NUNES: TRUTH SOCIAL IS NOW A \u2018TRUE START-UP\u2019 AND GIVING PEOPLE FREE SPEECH<\/u><\/strong><\/a><\/p>\n<p>While TMTG market valuation is now greater than the estimated value of X, <a href=\"https:\/\/www.foxbusiness.com\/category\/elon-musk\" target=\"_blank\" rel=\"noopener\">Musk&#8217;s platform<\/a> remains a far bigger social network than Truth Social.<\/p>\n<p>According to <a href=\"https:\/\/www.similarweb.com\/website\/\" target=\"_blank\" rel=\"nofollow noopener\">Similarweb<\/a>, X received <a>706.2m visits<\/a> last month, while Truth Social received <a>13.5m<\/a>.<\/p>\n<div class=\"inline image-ct\">\n<div class=\"m\"><picture><source media=\"(max-width: 767px)\" srcset=\"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2024\/10\/343\/192\/gettyimages-2176994757-scaled.jpg?ve=1&amp;tl=1, https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2024\/10\/686\/384\/gettyimages-2176994757-scaled.jpg?ve=1&amp;tl=1 2x\"><source media=\"(min-width: 768px) and (max-width: 1023px)\" srcset=\"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2024\/10\/672\/378\/gettyimages-2176994757-scaled.jpg?ve=1&amp;tl=1, https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2024\/10\/1344\/756\/gettyimages-2176994757-scaled.jpg?ve=1&amp;tl=1 2x\"><source media=\"(min-width: 1024px) and (max-width: 1279px)\" srcset=\"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2024\/10\/931\/523\/gettyimages-2176994757-scaled.jpg?ve=1&amp;tl=1, https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2024\/10\/1862\/1046\/gettyimages-2176994757-scaled.jpg?ve=1&amp;tl=1 2x\"><source media=\"(min-width: 1280px)\" srcset=\"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2024\/10\/720\/405\/gettyimages-2176994757-scaled.jpg?ve=1&amp;tl=1, https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2024\/10\/1440\/810\/gettyimages-2176994757-scaled.jpg?ve=1&amp;tl=1 2x\"><img decoding=\"async\" src=\"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2024\/10\/931\/523\/gettyimages-2176994757-scaled.jpg?ve=1&amp;tl=1\" alt=\"Musk speaks on stage next to Trump at Butler rally\"\/><\/source><\/source><\/source><\/source><\/picture><\/div>\n<div class=\"caption\">\n<p><span>Tesla CEO Elon Musk endorses Republican presidential nominee former President Trump during a campaign rally at the Butler Farm Show fairgrounds in Butler, Pa., Oct. 5.\u00a0<\/span><span> (Kevin Dietsch\/Getty Images \/ Getty Images)<\/span><\/p>\n<\/div>\n<\/div>\n<p>Musk has become one of Trump\u2019s most ardent supporters in <a href=\"https:\/\/www.foxnews.com\/us\/trump-life-allegedly-threatened-pennsylvania-man-before-rally\" target=\"_blank\" rel=\"noopener\">his re-election bid<\/a>.\u00a0<\/p>\n<p>Musk officially endorsed Trump over the summer, when the 45th president survived the first assassination attempt on his life this election cycle, and has since joined the campaign trail in the key battleground state of Pennsylvania to rally support and encourage people to vote.<\/p>\n<p><a href=\"https:\/\/www.foxbusiness.com\/apps-products\" target=\"_blank\" rel=\"noopener\"><strong><u>GET FOX BUSINESS ON THE GO BY CLICKING HERE<\/u><\/strong><\/a><\/p>\n<p>Along with making appearances at rallies and leading town halls in support of Trump, <a href=\"https:\/\/www.foxbusiness.com\/fox-news-politics\/elon-musk-gives-75m-pro-trump-super-pac-hits-road-pennsylvania\" target=\"_blank\" rel=\"noopener\">Musk has contributed<\/a> more than $70 million to the campaign.<\/p>\n<p><i>Reuters contributed to this report.<\/i><\/p>\n<\/div>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<br \/><div data-type=\"_mgwidget\" data-widget-id=\"1660802\">\r\n<\/div>\r\n<script>(function(w,q){w[q]=w[q]||[];w[q].push([\"_mgc.load\"])})(window,\"_mgq\");\r\n<\/script>\r\n<br \/>\n<br \/><a href=\"https:\/\/www.foxbusiness.com\/technology\/truth-social-parent-company-trump-media-worth-more-elon-musks-x-election-day-nears\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8216;Varney &amp; Co.&#8217; host Stuart Varney reacts to Tesla CEO Elon Musk offering a daily $1 million payday to a voter who signs his America PAC petition. Trump Media &amp; &hellip; <a href=\"https:\/\/hotvideos24.online\/?p=120035\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-120035","post","type-post","status-publish","format-standard","hentry","category-business","entry"],"_links":{"self":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/120035","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=120035"}],"version-history":[{"count":0,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/120035\/revisions"}],"wp:attachment":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=120035"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=120035"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=120035"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}