Donald Trump's Truth Social is now worth more than Elon Musk's X, thanks to a recent run-up in the shares of the parent company of the former president's social media platform.
Trump Media & Technology Group is now valued at over US$10 billion after its shares more than quadrupled since late September. Meanwhile, X Holdings is valued at around $9.4 billion, based on the most recent value the investment group Fidelity assigned to its stake in the company formerly known as Twitter.
The stock of Trump Media, or TMTG, tends to move more with Trump's re-election odds than on its own profit prospects and investors have seen his chances of retaking the presidency improving of late. On Tuesday, the stock rose more than 12 per cent to $53.30, on top of a 21.6 per cent gain Monday. The stock was moving so sharply that trading was briefly halted several times during the morning. The stock had dropped to roughly $12 late last month.
Trump created TMTG after he was banned from Twitter and Facebook following the Jan. 6, 2021, Capitol riot. He owns about 57 per cent of the company but has no role in running it.
Based in Sarasota, Florida, TMTG has been losing money and struggling to raise revenue. It lost more than $16 million in the quarter ending in June while generating only $837,000 in revenue, according to regulatory filings.
When Musk took over Twitter in October of 2022, the company was valued at around $44 billion. At that time, Fidelity Investments valued its stake at $19.7 million. In a recent regulatory filing, Fidelity's Blue Chip Growth fund said its stake in X Holdings was worth about $4.2 million.
Other companies TMTG is now bigger than include: Caesars Entertainment, Match Group, Walgreens Boots Alliance and Hasbro, the maker of the Monopoly game.
Musk has become one of Trump's most prominent supporters in his bid to get re-elected. The world's richest man, Musk has committed more than $70 million to boost Trump and has recently held a number of town halls in support of the former president.
Bloc Leader Yves-Francois Blanchet is starting to talk to other opposition parties about bringing down Prime Minister Justin Trudeau's minority Liberal government.
An American presidential historian is maintaining his previous prediction of a Kamala Harris presidency as the U.S. election hits the one-week mark.
The Ontario government will give each taxpayer a $200 rebate. Premier Doug Ford made the announcement Tuesday and said the rebate will also extend to families with children, with an additional $200 per eligible child.
Prime Minister Justin Trudeau's national security adviser says she shared the explosive allegations about Indian officials taking part in criminal activity in Canada with her counterpart in New Delhi before the RCMP went public with the news this month.
Henrickson was a 17-year-old girl from Squamish who went missing after a house party on Bowen Island, during the then unusually warm summer of 2009.
Edmonton Police Service (EPS) has dismantled one of the 鈥榤ost elaborate encampments鈥 officers have ever seen.
Canada Post workers overwhelmingly supported a strike mandate Monday, with workers potentially walking off the job on Nov. 3 if no deal is reached.
CNN says a right-wing commentator will not be welcomed back on air after he made a racist remark on 鈥淐NN NewsNight with Abby Phillip.鈥
A recent case of measles detected in the Maritimes has a B.C. connection, provincial health officials say.
Henrickson was a 17-year-old girl from Squamish who went missing after a house party on Bowen Island, during the then unusually warm summer of 2009.
Four teenagers, including a 12-year-old girl, are facing charges after police say they set an Oshawa, Ont. home on fire while the residents were inside.
Federal investigators have arrested six people and seized tens of thousands of illicit cannabis edibles disguised as popular brand-name candies after raiding a pair of unlicensed dispensaries in British Columbia.
Ontario Provincial Police (OPP) have charged two suspects in connection with what they鈥檙e calling an 'extensive' fraud investigation linked to a COVID-19 vaccine database.
Canada Post workers overwhelmingly supported a strike mandate Monday, with workers potentially walking off the job on Nov. 3 if no deal is reached.
Opposition parties in Quebec City are calling for an emergency debate after more allegations of inappropriate sexual relations between staff in youth protection (DPJ) and minors.
Donald Trump on Tuesday called his rally at New York's Madison Square Garden, an event marked by crude and racist insults by several speakers, a 'lovefest.'
With U.S. election day now a week away, Washington political analyst Eric Ham highlights five pertinent issues to watch for as the curtain comes down on this dramatic and spellbinding drama.
A huge explosion of fireworks injured more than 150 people at a religious festival in a temple in southern India, a report said Tuesday.
A mother collecting a child crashed a car through a Melbourne school fence on Tuesday, fatally injuring one child and leaving four others seriously hurt, police said.
Pope Francis' child protection board called Tuesday for victims of clergy sexual abuse to have greater access to information about their cases and the right to compensation, in the first-ever global assessment of the Catholic Church's efforts to address the crisis.
CNN says a right-wing commentator will not be welcomed back on air after he made a racist remark on 鈥淐NN NewsNight with Abby Phillip.鈥
Bloc Leader Yves-Francois Blanchet is starting to talk to other opposition parties about bringing down Prime Minister Justin Trudeau's minority Liberal government.
Conservative Leader Pierre Poilievre thinks it would be 'not fair' for the Liberals to oust Prime Minister Justin Trudeau now, as in his view they are 'morally obligated' to keep him.
Prime Minister Justin Trudeau's national security adviser says she shared the explosive allegations about Indian officials taking part in criminal activity in Canada with her counterpart in New Delhi before the RCMP went public with the news this month.
A 15-year-old high school freshman is hospitalized with severe complications of food poisoning after eating McDonald鈥檚 Quarter Pounder hamburgers three times in the weeks before a deadly E. coli outbreak was detected.
A recent case of measles detected in the Maritimes has a B.C. connection, provincial health officials say.
A recall has been issued for gummy candies due to pieces of wood, according to the Canadian Food Inspection Agency.
A recently discovered comet that some stargazers had hoped to see during Halloween week has disintegrated before the day of ghosts and ghouls.
A vital glacier in western Antarctica appears to be smoking in a rare view captured by a NASA satellite earlier this month.
A first-of-its kind facility for Atlantic Canada dedicated to marine animal autopsies and sampling is opening in Seaforth, N.S.
Teri Garr, the quirky comedy actor who rose from background dancer in Elvis Presley movies to co-star of such favourites as 'Young Frankenstein' and 'Tootsie,' has died. She was 79.
A curator at a museum in New York City has discovered a previously unknown waltz written by Frederic Chopin, the first time that a new piece of work by the Polish composer has been found in nearly 100 years.
Shawn Mendes took some time during his concert in Colorado on Monday to address a personal topic.
Statistics Canada's latest financial security survey shows a stark disparity between the wealth of homeowners and renters, even as it fails to capture the true scale what's owned by Canada's richest families.
ByteDance founder Zhang Yiming tops the list of China's richest people, according to the Hurun Research Institute, although many of them have seen their net worth plunge over the past year.
Donald Trump's Truth Social is now worth more than Elon Musk's X, thanks to a recent run-up in the shares of the parent company of the former president's social media platform.
With Halloween around the corner, you might be surprised to learn that Canada is home to some very scary places, with towns having names that mention coffins, death and blood.
A young Toronto Maple Leafs fan's Auston Matthews Halloween costume is going viral and, if he plays his cards right, he could meet the newly-minted captain face-to-face.
Louisiana students Ne'Kiya Jackson and Calcea Johnson wowed their teachers in 2022 when they discovered a new way to prove the 2000-year-old Pythagorean theorem in response to a bonus question in a high school math contest. But that was only the beginning.
The New York Yankees and the Los Angeles Dodgers will play Game 4 of the World Series.
A young Toronto Maple Leafs fan's Auston Matthews Halloween costume is going viral and, if he plays his cards right, he could meet the newly-minted captain face-to-face.
Walking from his apartment to classes and then to the University of Florida鈥檚 basketball facility, Olivier Rioux poses for dozens 鈥 sometimes hundreds 鈥 of pictures a day.
Volkswagen has informed employee representatives that it wants to close at least three plants in Germany, the head of the company's works council said Monday.
A 17-year-old Ottawa driver was caught speeding nearly 90 km/h over the speed limit on Highway 417.
Based on initial appearances, there are signs indicating the automobile industry is in healthy shape 鈥 for now.
Epcor says it has removed more than 20,000 goldfish from an Edmonton stormwater pond.
Witches and warlocks have been flocking to New Brunswick waterways this month, as a new Halloween tradition ripples across the province.
New Brunswicker Jillea Godin鈥檚 elaborate cosplay pieces attract thousands to her online accounts, as well as requests from celebrities for their own pieces.
A new resident at a Manitoba animal rescue has waddled her way into people's hearts.
Hundreds of people ran to the music of German composer and pianist Beethoven Wednesday night in a unique race in Halifax.
He is a familiar face to residents of a neighbourhood just west of Roncesvalles Avenue.
A meteor lit up our region's sky last night 鈥 with a large fireball shooting across the horizon over Lake Erie at around 7:00 p.m.
Residents of Ottawa's Rideauview neighbourhood say an aggressive wild turkey has become a problem.
A man who lost his life while trying to rescue people from floodwaters, and a 13-year-old boy who saved his family from a dog attack, are among the Nova Scotians who received a medal for bravery Tuesday.
A recent case of measles detected in the Maritimes has a B.C. connection, provincial health officials say.
Mounties in Surrey say a driver that hit a pedestrian Monday night is believed to have been impaired by alcohol.
Rescuers with the Vancouver Aquarium freed a sea lion last week from what they say was one of the worst entanglements they鈥檝e ever encountered.
The Ontario government will give each taxpayer a $200 rebate. Premier Doug Ford made the announcement Tuesday and said the rebate will also extend to families with children, with an additional $200 per eligible child.
Ontario Provincial Police (OPP) have charged two suspects in connection with what they鈥檙e calling an 'extensive' fraud investigation linked to a COVID-19 vaccine database.
A pest control company ranked the 'rattiest' cities and boroughs across Canada, and Toronto continues to reign supreme.
A new report says when the province deregulated electricity generation in 2001, it forced Albertans to pay billions more for their power.
Premier Danielle Smith says she is taking steps to keep Albertans warm this winter while keeping their utility bills low.
Many Canadian restaurants owners say the government needs to come up with specific rules for tipping that are 'clear and transparent' for employees and customers alike, a new survey suggests.
Police say the homicide unit is investigating after a man was stabbed and later died Monday night. A 58-year-old woman has been arrested.
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A community vigil will be held Tuesday night in honour of a mother of four murdered at a park broad daylight in front of her children.
Walking from his apartment to classes and then to the University of Florida鈥檚 basketball facility, Olivier Rioux poses for dozens 鈥 sometimes hundreds 鈥 of pictures a day.
Quebec wants to cut its share of international students to ease housing pressure and protect the French language, but a recent uptick in study permits has mostly gone to people from francophone countries where the province has explicitly sought to attract more students.
The Coalition Avenir Qu茅bec鈥檚 Sylvie D鈥橝mours said she shut her office down Tuesday after its windows were shot at.
Premier Danielle Smith says she is taking steps to keep Albertans warm this winter while keeping their utility bills low.
Edmonton Police Service (EPS) has dismantled one of the 鈥榤ost elaborate encampments鈥 officers have ever seen.
Kyle Edward Ball, the writer and director of horror flick Skinamarink, will make his next movie with A24, the company behind Everything Everywhere All At Once and Hereditary.
The leaders of Nova Scotia鈥檚 three main political parties were on the campaign trail Tuesday after Progressive Conservative Leader Tim Houston called a snap election over the weekend.
A 43-year-old Nova Scotia man is facing child pornography charges after border agents seized a child sex doll from Japan earlier this month.
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For the second time in as many days, a woman was carjacked in Winnipeg.
An inmate who escaped from a Manitoba jail Monday night is back in custody after a brief manhunt.
Canada Post workers overwhelmingly supported a strike mandate Monday, with workers potentially walking off the job on Nov. 3 if no deal is reached.
The Saskatchewan Party has maintained its hold onto power, battling its way to a fifth consecutive majority government.
RCMP are looking for two people after a robbery in Whitewood, Sask. that saw a man run over with his own vehicle that had been stolen.
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The Guelph Police Service Drug Enforcement Unit began investigations earlier this month following complaints about drug trafficking and illegal drug use downtown.
The Waterloo Region District School Board (WRDSB) announced, and then abruptly reversed, a plan to remove garbage bins from classrooms.
A Guelph, Ont. man is celebrating a major milestone while playing the game he loves.
The Saskatchewan Party has maintained its hold onto power, battling its way to a fifth consecutive majority government.
Six students were seriously injured and one student was airlifted to hospital in Saskatoon following a school bus crash near Tisdale, Sask. on Monday afternoon.
The Saskatchewan Party secured its fifth straight majority government Monday, with only two constituencies too close for 愛污传媒 to call as night turned to morning.
Three suspects arrested in West Nipissing earlier this year were part of a group of five who robbed banks across the province, Ontario Provincial Police said Tuesday.
The Ontario government will give each taxpayer a $200 rebate. Premier Doug Ford made the announcement Tuesday and said the rebate will also extend to families with children, with an additional $200 per eligible child.
A Midland senior has resorted to living in her shed out of desperation
The results were tighter than almost everyone thought they鈥檇 be in a vote on if South Bruce would be a willing host to the Canada鈥檚 first permanent nuclear waste storage.
The London Police Service is looking for a suspect in connection to a hate-motivated assault investigation.
On Oct. 22 around 1:20 a.m. police responded to a home in the area of Talbot Street and Horton Street where the homeowner said they received a notification from the doorbell camera.
The headliners for the region鈥檚 biggest outdoor country music festival are locked in, and once again, the multi-day event has garnered big names.
Five people face a total of 53 charges for their alleged involvement in eight bank robberies across Ontario where more than $2 million was stolen.
Provincial police want residents to keep their doors and windows locked after reports of a man trying to gain entry to homes in the Township of Georgian Bluffs.
A Devonshire Mall spokesperson has confirmed that staff are aware of social media posts showing cockroaches crawling near guests' food at the mall.
Windsor Police are renewing their call for help from the public to solve a city homicide.
The Windsor police is searching for an outstanding suspect in connection to a $64,000 bank fraud investigation. One person has been arrested and charged.
Federal investigators have arrested six people and seized tens of thousands of illicit cannabis edibles disguised as popular brand-name candies after raiding a pair of unlicensed dispensaries in British Columbia.
Rescuers with the Vancouver Aquarium freed a sea lion last week from what they say was one of the worst entanglements they鈥檝e ever encountered.
The final count has been completed in B.C.'s nail-biting 2024 election, with incumbent Premier David Eby managing to clinch another victory for the NDP.
More than two years after Alannah Brown and Douglas Barker were found dead north of Penticton, police are asking for help identifying a vehicle they believe was associated with the crime.
Dave Lindsey began growing giant pumpkins to bring a bit of magic to his grandkids' Halloween.
A U.S. District Court judge in Montana has sentenced a 27-year-old man from Kelowna, B.C., to 18 months in prison for using fake names to buy guns with the aim of selling them in Canada.
Food Banks Canada's annual Hunger Count report shows more Canadians than ever are resorting to food banks.
RCMP say a Medicine Hat man was killed in a collision between an SUV and a motorcycle in southeast Alberta on Sunday evening.
A tentative agreement has been reached between the City of Lethbridge and more than 900 employees belonging to CUPE Local 70.
Just two days ahead of Halloween, the City of Sault Ste. Marie has awarded several local homes and one business for having the best decorations for the season.
The Sault Ste. Marie Region Conservation Authority is issuing a flood outlook statement to residents regarding current watershed conditions.
An early morning complaint of a man slumped over the steering wheel of a minivan with its engine running in Elliot Lake last week led to impaired driving charges and drug seizures.
Teams are facing off in a new eastern Newfoundland hockey league aiming to bring competitive play 鈥 and a few extra years on the ice 鈥 for young women in the province.
Investigators found the remains of a 77-year-old American man on Wednesday at the scene of a fire that destroyed a hotel in western Newfoundland earlier on the weekend.
Police in western Newfoundland say a 77-year-old man visiting the province from Kansas is missing after a fire at a hotel in Deer Lake, N.L.
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