News Summary

Donald Trump’s Truth Social, owned by Trump Media & Technology Group (TMTG), has seen a significant increase in its valuation, now surpassing $10 billion. The surge in value comes as Trump’s net worth continues to rise, largely due to his substantial holdings in TMTG. Recently, Trump was awarded an additional 36 million shares, worth $1.6 billion, in the company. Despite the company’s volatile stock performance, Trump’s stake has grown considerably, with opportunities to sell shares becoming available. This increase in valuation places Truth Social’s worth above that of Elon Musk’s X platform, highlighting its growing influence in the social media landscape.