Donald Trump has broken his silence on social media after his historic election victory by dismissing claims that he will sell shares in his Truth Social platform.
The president-elect said suggestions he would dispose of the stockpile were “illegal” and demanded an investigation.
The 78-year-old is holed up at Mar-a-Lago celebrating his victory and beginning to shape his second administration in the White House.
On Thursday night he made history by naming Susie Wiles as his chief of staff, the first woman to hold that powerful position.
He had been unusually silent on social media for 72 hours before posting a blistering statement.
Donald Trump has broken his silence on social media after his historic election by dismissing claims that he will sell shares in his Truth Social platform.
‘There are false, false and probably illegal rumors and/or statements made, perhaps, by market manipulators or short sellers, that I am interested in selling shares of Truth.
‘THOSE RUMORS OR STATEMENTS ARE FALSE. I HAVE NO INTENTION TO SELL!
‘I hereby request that persons who have sparked these rumors or false statements, and who may have done so in the past, be immediately investigated by the appropriate authorities.
‘The truth is an important part of our historic victory and I deeply believe in it. Thank you for your attention to this matter. MAKE AMERICA GREAT AGAIN!’
Trump is the dominant shareholder in the company he founded after being banned from Twitter after January 6.
Following his election victory on Tuesday, shares soared 35 percent to increase his company’s market value to $9 billion, more than double the value of Macy’s and four times that of JetBlue.
Its 114.75 million shares were worth about $5.3 billion on Wednesday.
Matthew Tuttle, CEO of Tuttle Capital Management, told CNN he wasn’t surprised to see the increase after his dominant victory over Harris.
He said it was the only “pure” play for traders to bet on a Trump victory.
Betting platforms such as Polymarket and Kalshi gained prominence in the final days of the campaign and many predicted a Trump victory.
Tuttle suggested the rise in share price may have been the result of a “little squeeze.”
This is breaking news. More to follow
