Wed Nov 06 11:25:45 UTC 2024: ## Trump’s Truth Social Worth More Than Musk’s X: Fidelity
**New York, October 26, 2023:** Donald Trump’s social media platform, Truth Social, has surpassed Elon Musk’s X in value according to investment group Fidelity. The news comes as a surprise considering the numerous controversies surrounding X, formerly known as Twitter, following Musk’s acquisition.
Fidelity reported that Truth Social currently holds a valuation of $10 billion, while X sits at $9.4 billion. This surge in value coincides with the upcoming US presidential elections, where Trump is expected to be a strong contender.
Experts attribute this rise in value to growing investor confidence in Trump’s media company, especially with Trump’s growing influence in the Republican party. This suggests that Trump’s political comeback is not just a possibility, but a tangible prospect for investors.
Truth Social has even outperformed several other companies including Caesars Entertainment, Match Group, Walgreens Boots Alliance, and Hasbro, according to Fidelity.
Meanwhile, Elon Musk has poured millions of dollars into Trump’s campaign, even donating a substantial portion to the Republican party, according to the Federal Election Commission. He is also distributing funds to voters who sign his petitions on topics like freedom of speech and gun rights.
This dynamic situation highlights the ever-shifting landscape of social media and political influence in the US. It also raises questions about the role of private investment in shaping the political landscape.
First Piper 