Donald Trump has broken his silence on social media following his historic election victory by dropping claims that he will sell shares in his platform Truth Social.
The president-elect said suggestions he would dump stocks were “illegal” and demanded an investigation.
The 78-year-old sits at Mar-a-Lago to celebrate his victory and begins to shape his second administration in the White House.
On Thursday night, he made history by appointing Susie Wiles as his chief of staff, the first woman to ever hold this powerful role.
He was unusually quiet on social media for 72 hours before releasing a blistering statement.
Donald Trump has broken his silence on social media following his historic election by dropping claims that he will sell shares in his platform Truth Social
“There are false, untrue and probably illegal rumors and/or statements from perhaps 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 the people who have spread these false rumors or statements, and who may have done so in the past, be immediately investigated by the relevant authorities.
“The truth is an important part of our historic victory, and I believe in it deeply. Thank you for your attention to this matter. MAKE AMERICA GREAT AGAIN!’
Trump is the dominant shareholder of the company he founded after being banned from Twitter in the aftermath of January 6.
After his election victory on Tuesday, shares rose 35 percent, pushing his company’s market value to $9 billion — more than twice the value of Macy’s and four times that of JetBlue.
Its 114.75 million shares were worth about $5.3 billion as of Wednesday.
Matthew Tuttle, CEO of Tuttle Capital Management, told CNN he wasn’t surprised by the surge after his dominant victory over Harris.
He said this was the only “pure” play for traders to bet on a Trump victory.
Betting platforms such as Polymarket and Kalshi rose to prominence in the final days of the campaign, with many predicting a Trump victory.
Tuttle suggested that the stock price increase may have been the result of a “short squeeze.”
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