Jakub Porzycki | Nurphoto | Getty Images
Trump Media shares soared Friday after President-elect Donald Trump reaffirmed he has no plans to sell off his stake in the Truth Social operator.
Trump’s announcement, posted on Truth Social, was his personally first written statement since his stunning victory against Democratic Vice President Kamala Harris in Tuesday’s presidential race.
DJT shares shot up more than 10% immediately following Trump’s post, triggering a temporary trading halt due to volatility.
“There are fake, untrue, and probably illegal rumors and/or statements made by, perhaps, market manipulators or short sellers, that I am interested in selling shares of Truth,” the Republican said in the post Friday morning.
“THOSE RUMORS OR STATEMENTS ARE FALSE. I HAVE NO INTENTION OF SELLING!” Trump said. “I hereby request that the people who have set off these fake rumors or statements, and who may have done so in the past, be immediately investigated by the appropriate authorities.”
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