Trump Says He Won’t Sell Trump Media Stock After Lockup Expires

Published On Sep 13, 2024, 3:53 PM

Donald Trump, the largest shareholder in Trump Media & Technology Group, which owns Truth Social, announced that he will not sell his shares when a lockup restriction ends next week. This statement caused a nearly 12% surge in the company's stock price as it alleviated speculation about Trump cashing in on his substantial stake, valued around $2 billion. Trump's commitment to holding his shares reflects his continued involvement and endorsement of Truth Social as his primary communication platform.