By Daily Mail (U.S.) | Created at 2024-11-08 16:09:17 | Updated at 2024-11-08 19:11:00
3 hours ago
Donald Trump has broken his social media silence after his historic election win by shutting down claims 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 is hunkered down in Mar-a-Lago celebrating his victory and beginning to shape his second White House administration.
On Thursday night he made history by appointing Susie Wiles as his chief of staff, the first woman to ever hold the powerful role.
He had been unusually quiet on social media for 72 hours before releasing a blistering statement.
Donald Trump has broken his social media silence after his historic election by shutting down claims he will sell shares in his platform Truth Social
'There are fake, untrue, and probably illegal rumors and/or statements made by, 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 OF SELLING!
'I hereby request that the people who have set off these fake rumors or statements, and who may have done so in the past, be immediately investigated by the appropriate authorities.
'Truth is an important part of our historic win, and I deeply believe in it. Thank you for your attention to this matter. MAKE AMERICA GREAT AGAIN!'
Trump is the dominant shareholder in the company he started after he was barred from Twitter in the aftermath of January 6.
Following his election win on Tuesday, the stocks had spiked by 35 percent to increase his firm's market value to $9billion - more than twice the value of Macy's and four times that of JetBlue.
On Thursday night, Trump made history by appointing Susie Wiles as his chief of staff, the first woman to ever hold the powerful role
His 114.75 million shares were worth around $5.3billion on Wednesday.
Matthew Tuttle, CEO of Tuttle Capital Management, told CNN that he wasn't surprised to see the surge after his dominant victory over Harris.
He said it was the only 'pure' play for traders to bet on a Trump win.
Betting platforms such as Polymarket and Kalshi rose to prominence in the final days of the campaign and many predicted a Trump win.
Tuttle suggested that the surge in the stock prize may have been the result of a 'short squeeze'.
This is breaking news. More to follow
