Trump's social media company is now worth more than Musk's X after recent surge in stock price AP

[Mr. Sparkle]

Donald Trump’s Truth Social is now worth more than Elon Musk’s X, thanks to a recent run-up in the shares of the parent company of the former president’s social media platform.

Trump Media & Technology Group is now valued at over $10 billion after its shares more than quadrupled since late September. Meanwhile, X Holdings is valued at around $9.4 billion, based on the most recent value the investment group Fidelity assigned to its stake in the company formerly known as Twitter.

The stock of Trump Media, or TMTG, tends to move more with Trump’s re-election odds than on its own profit prospects and investors have seen his chances of retaking the presidency improving of late. On Tuesday, the stock rose almost 9% to close at $51.51, on top of a 21.6% gain Monday. The stock was moving so sharply that trading was briefly halted several times during the morning. The stock had dropped to roughly $12 late last month.

Trump created TMTG after he was banned from Twitter and Facebook following the Jan. 6, 2021, Capitol riot. He owns about 57% of the company but has no role in running it.

https://apnews.com/article/trump-media-stock-musk-x-social-5328feb1a782cc65bd05b7e30756b8db

[JohnSJ]

1. Not really. The trump media stock is a worthless piece of junk with no earnings or prospect of earnings. It is simply

being used by some influencers as an election prediction bet, with no actual predicting or real value.

[Johonny]

2. Beware of the Meme stock

Although both might be Meme stocks at this point.

[Hugin]

3. Down by around 8.50% this morning.

Stay tuned. There’s a bunch of “investors” who needed it to tickle $55 to get some of Mamaw’s pin money back.

[D. Spaulding]

4. The runup of DJT stock had me curious

Some efforts to drive up the price so that Trump could unload some of his shares?

[Hugin]

5. Being a meme stock I personally think it's a push...

To get it valued at a symbolic $47/share. Irrational, yes. Stupid, yes. Ultimately Trump walks away with the rubes’s money, yes.

[Happy Hoosier]

6. If Trump had half a brain, he'd be cashing out...

That's an epic pump and dump.

[Hugin]

7. Down approx 13.50% now.

Or $7.00/share. Oh my!

[Hugin]

8. Now down approx 22.50%...

Like it’s namesake. No bottom or I guess all bottom. It’s relative.

[Hugin]

9. It may have been halted.

AGAIN.

[Deep State Witch]

10. Pump and Dump

I'll bet this is a "pump and dump" scheme. Pump it up before Election Day. Then when he loses, it will drop like a rock.