而富达投资（Fidelity Investment）对X的最新估值仅为94亿美元。富达因持有X的股份，所以定期更新对该社交媒体平台的估值预期。Benefiting from the recent surge in the stock price of the Trump Media Technology Group, the latest valuation of Trump's self-created social media platform, Truth Social, has surpassed X, which is owned by Musk. As of Tuesday, the stock price of Truth Social's parent company, the Trump Media Technology Group, has soared by 333% since the low point in late September, with a valuation climbing to $10.6 billion.
Thanks to the recent surge in the stock price of the Trump Media Technology Group (TMTG), the estimated value of Truth Social, a social media platform created by former USA President and Republican presidential candidate Trump, has exceeded its biggest competitor, X platform under global richest person Musk.
As of Tuesday, the parent company of Truth Social $Trump Media & Technology (DJT.US)$ has soared by 333% from the low point set at the end of September, with its valuation rising to $10.6 billion.
Fidelity Investments' latest valuation of X is only $9.4 billion. Fidelity updates its valuation expectations for the social media platform regularly because of its stake in X.
Since Musk's high-priced acquisition of X for $44 billion in October 2022, the platform's valuation has dropped by 79%.
The $10.6 billion valuation of Trump Media also makes it more valuable than The New York Times, whose valuation is approximately $9.2 billion.
The surge in the valuation of the Trump Media Technology Group is not based on fundamentals, but is related to the likelihood of Trump winning the presidential election.
On the eve of the U.S. election, 'Trump trades' heated up as investors believed that there was a high probability of Trump returning to the White House. Betting market odds show that the likelihood of Trump winning the election is much higher than Harris.
After holding an important campaign rally at Madison Square Garden in New York over the weekend, the stock price of the Trump Media Technology Group started a rebound similar to meme stocks. On Tuesday, the stock was suspended multiple times due to extreme volatility.
According to the 10-Q filing submitted by the Trump Media Technology Group to the U.S. Securities and Exchange Commission, the company's revenue was only $1.6 million in the first half of 2024, with a staggering loss of $0.344 billion.
Trump himself is also a big winner of the 'Trump Trade' heating up. According to Bloomberg data, his net worth has almost doubled in the past few months, reaching over $8 billion, mainly driven by the rise in the Trump Media Technology Group's stock price.
As of Tuesday, Trump holds nearly 0.115 billion shares of Trump Media Technology Group, worth about $6.2 billion.
Editor/rice
