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Breaking: Beyond Headlines!

Trump says he won’t sell Truth Social, calls for investigations
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Trump says he won’t sell Truth Social, calls for investigations

  • Shares of Trump Media & Technology surged after the election.
  • Donald Trump reiterated Friday that he isn’t selling out — and urged people to stop saying he is.
  • “The truth is an important part of our historic victory,” he wrote, “and I believe in it deeply.”

Shares of Truth Social’s parent company jumped following the election.

And amid rising stocks, President-elect Donald Trump is making it clear: He says he won’t sell.

Additionally, Trump threatened “market manipulators or short sellers” who he said were spreading “false, untrue and possibly illegal rumors and/or statements” that he actually intended to sell shares of TrumpMedia.

“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 wrote in a Truth Social article on Friday. “The truth is an important part of our historic victory, and I believe in it deeply.”

Shares of Trump Media were up about 15% as of late Friday afternoon. Neither the Trump campaign nor Trump Media immediately responded to Business Insider’s requests for comment.

Top Trump Media Investors, Including Trump, May Have Started Dumping Their Stocks in September.

Despite a turbulent pastTruth Social thrived in the run-up to the election, even appearing eclipse the valuation of Elon Musk’s. The title is thriving despite meager finances.

Friday, Trump Media market capitalization amounted to approximately $6.5 billion. Trump’s majority stake included 115 million shares worth about $3.7 billion as of Friday.

On election day, the company reported third quarter resultincluding revenues of $1 million and a net loss of $19.2 million. It said it has $672.9 million on its balance sheet to help further develop the just-released TV Truth+ streaming platform.