This photo illustration shows an image of former President Donald Trump next to a phone screen that is displaying the Truth Social app, in Washington, DC, on February 21, 2022.
Trump Media shares soared Friday after President-elect Donald Trump reaffirmed he has no plans to sell off his stake in the Truth Social operator, and called on authorities to investigate whoever suggested otherwise.
Trump's announcement, posted on Truth Social, was his first personally written statement since his stunning victory against Democratic Vice President Kamala Harris in Tuesday's presidential election.
DJT shares shot up more than 10% immediately following Trump's post, triggering a temporary trading halt due to volatility.
Shares plunged more than 22% on Thursday, undoing some of the company's gains from a surging rally in the lead-up to the election.
Persons:
Donald Trump, Kamala Harris, Trump
Organizations:
Trump Media, Democratic, Republican
Locations:
Washington ,, Tuesday's