Official announcements from regulatory bodies or media reports confirming an investigation

Trump Vows Not to Sell $3.5B Stake in Truth Social, Calls for Investigation

Nov 8, 2024, 05:49 PM

Donald Trump, the President-elect, has firmly stated that he has no intention of selling his shares in Trump Media & Technology Group, the parent company of his social media platform, Truth Social. This announcement came in response to rumors suggesting that Trump might divest his $3.5 billion stake in the company. Trump has called for an immediate investigation into what he describes as 'fake, untrue, and probably illegal rumors' spread by market manipulators or short sellers. Following his statement, shares of Trump Media & Technology Group rose on Friday.