Trump's Truth Social Stock Soars After Denying Sale Rumors

President-elect Donald Trump refutes claims of selling his stake in Truth Social and calls for investigations into market manipulators.

Donald Trump, the majority owner of Trump Media & Technology Group, stated he has no plans to sell his shares, which led to a significant rise in the company's stock value.
Trump's statement on Truth Social came after rumors suggested he might sell or merge his social media platform with Elon Musk's X.
The stock, known for its volatility, surged by approximately 15% following Trump's announcement, reversing a previous decline.
Trump called for authorities to investigate what he described as 'fake, untrue, and probably illegal' rumors spread by market manipulators or short sellers.
Despite the stock's recent gains, Trump Media reported a net loss of $19.2 million for the third quarter, raising concerns about its financial stability.