President-elect Trump said Friday he would sell his actions in Truth Social was “false” and called for anyone spreading such rumors to be “investigated immediately.”

“There are false, untrue and possibly illegal rumors and/or statements, perhaps made by market manipulators or short sellers, that I am interested in selling shares of Truth.” Trump job on the social media site. “THESE RUMORS OR STATEMENTS ARE FALSE. I HAVE NO INTENTION TO SELL!

“I hereby request that those who started these false rumors or statements, and who may have done so in the past, be immediately investigated by the relevant authorities,” he said. -he added. “The truth is an important element of our historic victory, and I believe in it deeply. »

The president-elect owns a significant stake in Trump Media & Technology Group, the parent company of Truth Social. Trump was be able to start selling its shares on September 19, after the expiration of a lock-up clause that prevented company insiders from selling, according to The associated press.

The company the stock has climbed Wednesday, after Trump won a decisive victory in the presidential election against his Democratic rival, Vice President Harris, even though quarterly earnings reports showed the company had difficulties generate revenue and attract new users.

Trump primarily used Truth Social to issue statements, repost content, and share thoughts on current events, similar to how he used Twitter, now known as Social Platform White House.

It is unclear whether he will have to give up his stake in Truth Social to comply with federal ethics rules when he takes office.

During his first term, Trump did not place his assets in a blind trust as experts urged him to do. hand over control of the company to his sons, Donald Trump Jr. and Eric Trump.

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