Shares of Trump Media & Technology Group Corp. leapt Friday after previous President Donald Trump stated he won’t sell shares of the business, stating that he doesn’t requirement the cash and likes the social media platform to get out his voice
ByThe Associated Press
September 13, 2024, 4: 33 PM
NEW YORK — Shares of Trump Media & Technology Group Corp. leapt Friday after previous President Donald Trump stated he won’t sell shares of the social media business.
“I puton’t wanna sell my shares. I wear’t requirement cash,” Trump stated while speaking to pressreporters at his golf club in Los Angeles.
Trump owns almost 115 million shares of the business, according to a current filing with the Securities and Exchange Commission. Based on Thursday’s closing rate of $16.08, Trump’s shares are worth roughly $1.85 billion.
The previous president can start selling shares of Trump Media, the momsanddad business of Truth Social, beginning on Sept. 19 when a lockup arrangement ends, if he picks to do so. The lockup arrangement avoided business experts from