Donald Trump's media company Trump Media & Technology Group (NASDAQ:DJT) hit the public market on Tuesday after a long-awaited SPAC merger was approved by shareholders. Here's a look at how the valuation of the company compares to recent valuation metrics for X, formerly known as Twitter. What Happened: TMTG shares rocketed in their Wall Street debut. Investors looked to get a piece of the stock as a way to invest in former President Donald Trump. While the full market capitalization of Trump Media & Technology Group is unknown until the final number of outstanding shares has been reported, estimates depict a large valuation for the social media company. On Tuesday, the company had a listed market capitalization of $9.6 billion. By the end of the week, the market capitalization of the social media company was listed as between $7 billion and $8 billion. Social media platform X was purchased by Elon Musk in 2022 for $44 billion. That amount is significantly more than what ...