Trump says he is not selling his shares of media company

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RANCHO PALOS VERDES, California :Donald Trump is not selling any of his majority stake in the company that owns Truth Social, and he will not leave the social media platform he created, the Republican U.S. presidential candidate told reporters on Friday.

Republican presidential nominee and former U.S. President Donald Trump attends a press conference at Trump National Golf Club, in Rancho Palos Verdes, U.S., September 13, 2024. REUTERS/David SwansonTrump owns about 57 per cent of Trump Media, which saw its shares slump this week following his televised debate with Democratic rival Vice President Kamala Harris.

"No, I’m not selling," the former president said in answer to a question asked by Reuters."I’m not leaving. I love it. I think it’s great." According to provisions related to Trump Media's listing, Trump and other insiders will be allowed to sell stock beginning later this month, potentially flooding the market with additional shares.

 

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