WASHINGTON — Former US President and candidate republican to the presidential elections, Donald Trump, He assured on Friday that he will not sell the actions which it has in its media group, causing the value of the title to skyrocket.
“I don’t want to sell my shares (…) I don’t need this money,” the former president said during a press conference at his golf course in Oceanside, California.
The statement sent Trump Media and Technology Group (TMTG) stock soaring to close the session 11.79% higher.
Created by Trump in 2021 to avoid the ban imposed on him by Facebook and Twitter, the parent company of his network, Truth Social, went public in March 2024.
According to stock market rules, Trump could sell all or part of his shares in the stock market from the end of September. market, which made many investors nervous.
The Republican currently controls approximately 57% of TMTG shares.
“I didn’t do this for money,” the former president insisted about TMTG and Truth Social, “I did it because I really wanted to have a strong voice,” he explained.
