Donald Trump said he would not sell his Truth Social stock. But he technically can starting soon.

Published On Sep 18, 2024, 9:35 AM

Donald Trump has announced he has no intention of selling his stock in Trump Media & Technology Group (stock symbol: DJT), but he is technically able to do so beginning soon. His shares surged upon this announcement, although they have since declined about 10%. Trump retains a roughly 60% stake in DJT, which is currently valued at approximately $1.3 billion, despite having been worth over $4.5 billion shortly after the company's public debut. Since then, the stock has experienced significant volatility, correlating with the political landscape and Trump's legal challenges. The company recently reported a net loss of $16.4 million for the second quarter, raising questions about its financial stability.