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Trump Declares He Will Not Sell 57% Stake in Trump Media, Stock Halted and Surges 25%

Sep 13, 2024, 06:27 PM

Former President Donald Trump has announced that he will not sell his shares in Trump Media & Technology Group Corp., the company behind Truth Social. This declaration comes as $DJT, the company's stock, experienced a trading halt and subsequently surged by 25%. Trump, who holds a 57% stake in the company, emphasized his commitment to retaining his shares despite the lockup agreement nearing its expiration. Trump also stated that he has no intention of leaving Truth Social, reaffirming his dedication to the platform he created.