Trump Media Shares Surge Up to 25% After Trump Says He Won't Sell

Sep 13, 2024, 07:18 PM

Donald Trump announced that he has no intention of selling his 57% stake in Trump Media & Technology Group Corp., which owns Truth Social. Following his declaration, shares of Trump Media surged significantly, with reports indicating increases as high as 25%. Trump's statement was made at an event on Friday, leading to a substantial rise in the stock's value, with shares surging 17% according to some reports.