Donald Trump’s media company is now worth more than The New York Times following a recent stock market surge. Trump Media & Technology Group, the parent company of the Republican presidential nominee’s Truth Social platform, is valued at $10.65 billion after its share price increased 12.4% by midday Tuesday.
For comparison, The NYT has a market cap of $9.25 billion; The Times’ shares are up 1.5% during trading on Tuesday.
Trump Media’s stock was halted multiple times on Tuesday, as betting markets favor Trump to beat Democratic nominee Kamala Harris on Election Day next week.
Tuesday’s jump for Trump Media — which trades on the Nasdaq under the DJT ticker symbol — comes after the stock has already been on a red-hot run of late.
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