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'Won't sell Truth Social shares,' says Trump; stock rises 15%
short by Mansi Agarwal / on Saturday, 9 November, 2024
Shares of Trump Media & Technology Group, which runs Truth Social, jumped 15% on Friday after US President-elect Donald Trump said he has "no intention of selling" his shares in the company. He added that rumours of him planning to sell were fake and probably made by short sellers. Trump's 53% stake in the company is worth around $3.7 billion.
read more at Reuters