November 9, 2024
Shares of Trump Media rose after Trump said he would not sell it thumbnail
Economy

Shares of Trump Media rose after Trump said he would not sell it

Shares of Trump Media & Technology Group rose after US President-elect Donald Trump said he has no intention of selling his stake in the company that owns his social network, Truth Social.”, — write: www.epravda.com.ua

Shares of Trump Media & Technology Group rose after US President-elect Donald Trump said he had no intention of selling his stake in the company that owns his social network, Truth Social.

About this informs Reuters.

In a post on Truth Social, Trump dismissed what he called rumors that he plans to sell the stock.

The company’s shares rose about 8.7% to $30.15 in morning trading on the Nasdaq after rising 12.5% ​​earlier.

The company’s shares fell on Thursday, Nov. 7, as speculative bets on Trump winning a second term faded a day after his victory over Democrat Kamala Harris.

Read also: Americans elected Trump. What does this mean for the US economy and the world?

We will remind:

Shares of the media company Trump Media & Technology Group have grown immediately by 50% after it became clear that Donald Trump would win the US presidential election.

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