{"id":21248,"date":"2024-10-30T14:12:47","date_gmt":"2024-10-30T08:42:47","guid":{"rendered":"https:\/\/bigbreakingwire.in\/?p=21248"},"modified":"2024-10-30T14:15:52","modified_gmt":"2024-10-30T08:45:52","slug":"truth-social-surpasses-x-in-value-10-6b-vs-9-4b-amid-trump-trade-surge","status":"publish","type":"post","link":"https:\/\/bigbreakingwire.in\/truth-social-surpasses-x-in-value-10-6b-vs-9-4b-amid-trump-trade-surge\/","title":{"rendered":"Truth Social Surpasses X in Value: $10.6B vs. $9.4B Amid &#8216;Trump Trade&#8217; Surge"},"content":{"rendered":"<div style=\"margin-top: 0px; margin-bottom: 0px;\" class=\"sharethis-inline-share-buttons\" ><\/div>\n<p>Trump&#8217;s social media company, Truth Social, has recently seen a massive rise in its value, surpassing the worth of X (formerly Twitter). Truth Social&#8217;s parent company, TMTG, has experienced a 333% increase in value since late September, reaching a valuation of $10.6 billion.<br><br>Meanwhile, Fidelity Investments, which holds shares in X, has updated its estimated value for X, putting it at $9.4 billion. This marks a huge decline from when Elon Musk bought X for $44 billion in October 2022, meaning the platform\u2019s worth has dropped by about 79%.<br><br>With this new valuation, TMTG is now also worth more than The New York Times, valued at around $9.2 billion.<br><br>However, in TMTG\u2019s latest financial filing with the U.S. Securities and Exchange Commission, it was revealed that the company generated only $1.6 million in revenue in the first half of 2024, while it reported a significant loss of $344 million.<br><\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Trump&#8217;s social media company, Truth Social, has recently seen a massive rise in its value, surpassing the worth of X (formerly Twitter). Truth Social&#8217;s parent&#8230;<\/p>\n","protected":false},"author":1,"featured_media":21247,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false},"version":2}},"categories":[65],"tags":[2971,2012,7481],"class_list":["post-21248","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bigbreakingnow","tag-tsla","tag-elonmusk","tag-truth-social-djt","entry","rows"],"jetpack_publicize_connections":[],"modified_by":"bigbreakingwire","jetpack_featured_media_url":"https:\/\/bigbreakingwire.in\/wp-content\/uploads\/2024\/10\/IMG_20241030_141448-scaled.jpg","jetpack_shortlink":"https:\/\/wp.me\/pfgCxS-5wI","jetpack_sharing_enabled":true,"jetpack_likes_enabled":false,"_links":{"self":[{"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/posts\/21248","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/comments?post=21248"}],"version-history":[{"count":0,"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/posts\/21248\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/media\/21247"}],"wp:attachment":[{"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/media?parent=21248"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/categories?post=21248"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/tags?post=21248"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}