President-elect Trump said Friday that talk of selling his shares in Truth Social is “false” and called for an “immediate investigation” into those who spread such rumors.
President Trump: “There are false, untrue, and possibly illegal rumors and statements, possibly by market manipulators and short sellers, that I have an interest in selling real stocks.'' Posted on social media sites. “Those rumors and statements are false. We have no intention of selling them.”
“I hereby request that those who spread these false rumors and statements, and those who may have done so in the past, be immediately investigated by the appropriate authorities,” he added. “The truth is an important part of our historic victory, and I believe deeply in it.”
The president-elect owns a significant stake in Trump Media & Technology Group, the parent company of Truth Social. According to the Associated Press, President Trump was able to begin selling his company's stock starting September 19th after a lock-up clause barring sales by company insiders expired.
of the company Stocks went up On Wednesday, after Trump won a decisive presidential election victory over his Democratic rival, Vice President Harris, the company's quarterly earnings report showed it was having trouble making money and attracting new users. Despite being.
President Trump primarily uses Twitter, now known as Social Platform I have been using Truth Social to do this.
It's unclear whether he will have to give up his shares in Truth Social to comply with federal ethics rules once he takes office.
During his first term, President Trump did not place his assets in a blind trust as experts had recommended, instead passing control of his company to his sons Donald Trump Jr. and Eric Trump. .
