Shares of Trump Media surged Friday after majority owner Donald Trump said he is not selling his stake.
Trading in the stock was halted briefly Friday afternoon after Trump’s comments to the press at his golf club in California.
Trump said that Truth Social, the Twitter-like social media platform owned by Trump Media, is “great for me.”And he blamed the Securities and Exchange Commission for Trump Media’s monthslong stock slump, which had driven shares down by more than 80% from their intraday peak after the company began trading on the Nasdaq in late March.
I’m not going to sell my shares,” he said.
I did it because I really wanted to have a strong voice, and it’s a great voice for me,” he said.
Persons:
Donald Trump, “, ”, Trump, I’m, it’s
Organizations:
Trump Media, Republican, Securities and Exchange Commission, Trump, Nasdaq
Locations:
California