{"id":123728,"date":"2024-11-09T05:16:59","date_gmt":"2024-11-08T22:16:59","guid":{"rendered":"https:\/\/hotvideos24.online\/?p=123728"},"modified":"2024-11-09T05:16:59","modified_gmt":"2024-11-08T22:16:59","slug":"djt-stock-climbs-after-trump-says-he-will-not-sell-shares","status":"publish","type":"post","link":"https:\/\/hotvideos24.online\/?p=123728","title":{"rendered":"DJT stock climbs after Trump says he will not sell shares"},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<\/p>\n<div>\n<p class=\"yf-1pe5jgt\"><!-- HTML_TAG_START -->Trump Media &amp; Technology Group stock (<a data-i13n=\"cpos:1;pos:1\" href=\"https:\/\/finance.yahoo.com\/quote\/DJT\/\" data-ylk=\"slk:DJT;cpos:1;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">DJT<\/a>) closed over 15% higher Friday and was briefly halted for volatility after Donald Trump said he would not sell his shares in the company, the home of Trump&#8217;s social media platform, Truth Social.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1pe5jgt\"><!-- HTML_TAG_START -->Trump, who made the announcement on his Truth Social account, maintains a roughly <a data-i13n=\"cpos:3;pos:1\" href=\"https:\/\/apnews.com\/article\/trump-media-truth-social-spac-vote-841820869418c37ad7eed04f2af42854\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:60% interest;cpos:3;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">60% interest<\/a> in DJT. At current levels of around $32 a share, Trump Media boasts a market cap of about $7 billion, giving the President-elect a stake worth around $4.2 billion.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1pe5jgt\"><!-- HTML_TAG_START -->&#8220;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!&#8221; <a data-i13n=\"cpos:4;pos:1\" href=\"https:\/\/truthsocial.com\/@realDonaldTrump\/posts\/113447949058695478\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:he wrote in the post;cpos:4;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">he wrote in the post<\/a>, reiterating<a data-i13n=\"cpos:5;pos:1\" href=\"https:\/\/finance.yahoo.com\/news\/djt-stock-plummets-to-new-lows-after-lockup-period-expires-174815865.html\" data-ylk=\"slk:previous comments;cpos:5;pos:1;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" class=\"link  yahoo-link\"> previous comments <\/a>of his intention not to sell.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1pe5jgt\"><!-- HTML_TAG_START -->&#8220;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,&#8221; he added. &#8220;Truth is an important part of our historic win, and I deeply believe in it.&#8221;<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1pe5jgt\"><!-- HTML_TAG_START -->Shares in the company have been <a data-i13n=\"cpos:6;pos:1\" href=\"https:\/\/finance.yahoo.com\/news\/djt-stock-braces-for-another-volatile-trading-week-amid-trump-harris-election-210058419.html\" data-ylk=\"slk:on a wild ride;cpos:6;pos:1;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" class=\"link  yahoo-link\">on a wild ride<\/a> over the past week. On Thursday, the stock fell nearly 23% to <a data-i13n=\"cpos:7;pos:1\" href=\"https:\/\/finance.yahoo.com\/news\/djt-stock-jumps-after-trump-clinches-election-win-165655956.html\" data-ylk=\"slk:reverse the gains;cpos:7;pos:1;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" class=\"link  yahoo-link\">reverse the gains<\/a> it enjoyed the day before as <a data-i13n=\"cpos:8;pos:1\" href=\"https:\/\/finance.yahoo.com\/news\/donald-trump-has-won-the-2024-election-heres-whats-next-on-2-key-economic-issues-103752428.html\" data-ylk=\"slk:Trump clinched victory;cpos:8;pos:1;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" class=\"link  yahoo-link\">Trump clinched victory<\/a> over Kamala Harris in the presidential election.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1pe5jgt\"><!-- HTML_TAG_START -->With Friday&#8217;s moves to the upside, the stock is up 5% over the past five days, although shares have rallied by more than 70% in the past month.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1pe5jgt\"><!-- HTML_TAG_START -->In September, shares in Trump Media <a data-i13n=\"cpos:9;pos:1\" href=\"https:\/\/finance.yahoo.com\/news\/djt-stock-plummets-to-new-lows-after-lockup-period-expires-174815865.html\" data-ylk=\"slk:traded at their lowest level since the company's debut;cpos:9;pos:1;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" class=\"link  yahoo-link\">traded at their lowest level since the company&#8217;s debut <\/a>following the expiration of its highly publicized lockup period. The stock<a data-i13n=\"cpos:10;pos:1\" href=\"https:\/\/finance.yahoo.com\/news\/djt-stock-extends-massive-rally-as-election-odds-shift-in-donald-trumps-favor-164614651.html\" data-ylk=\"slk:eventually bounced back from its lows;cpos:10;pos:1;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" class=\"link  yahoo-link\"> eventually bounced back from its lows<\/a> as both domestic and overseas betting markets began to shift in favor of a Trump victory.<!-- HTML_TAG_END --><\/p>\n<figure class=\"yf-8xybrv\">\n<div class=\"image-container yf-24rror loader\" style=\"--max-height: 640px;\">\n<div class=\"image-wrapper yf-24rror\" style=\"--aspect-ratio: 960 \/ 640; --img-max-width: 960px;\"><img fetchpriority=\"high\" decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" alt=\"Republican presidential nominee former President Donald Trump dances after speaking at an election night watch party, Wednesday, Nov. 6, 2024, in West Palm Beach, Fla. (AP Photo\/Alex Brandon)\" loading=\"eager\" height=\"640\" width=\"960\" class=\"yf-24rror loader\"\/><\/div>\n<\/div><figcaption class=\"yf-8xybrv\"><!-- HTML_TAG_START -->Republican presidential nominee former President Donald Trump dances after speaking at an election night watch party, Wednesday, Nov. 6, 2024, in West Palm Beach, Fla. (AP Photo\/Alex Brandon)<!-- HTML_TAG_END -->  <span class=\"caption-separator yf-8xybrv\" data-svelte-h=\"svelte-nxhdlu\">\u00b7<\/span> <span>ASSOCIATED PRESS<\/span><\/figcaption><\/figure>\n<p class=\"yf-1pe5jgt\"><!-- HTML_TAG_START -->Trump founded Truth Social after he was kicked off major social media apps like Facebook (<a data-i13n=\"cpos:11;pos:1\" href=\"https:\/\/finance.yahoo.com\/quote\/META\" data-ylk=\"slk:META;cpos:11;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">META<\/a>) and Twitter, now X, following the Jan. 6, 2021, Capitol riots. Trump has since been reinstated on those platforms. He officially <a data-i13n=\"cpos:12;pos:1\" href=\"https:\/\/finance.yahoo.com\/news\/djt-stock-falls-after-donald-trump-returns-to-x-ahead-of-elon-musk-interview-201747189.html\" data-ylk=\"slk:returned to posting on X in mid-August;cpos:12;pos:1;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" class=\"link  yahoo-link\">returned to posting on X in mid-August<\/a> after about a year&#8217;s hiatus.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1pe5jgt\"><!-- HTML_TAG_START -->As Truth Social attempts to take on social media incumbents, the fundamentals of the company have long been in question.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1pe5jgt\"><!-- HTML_TAG_START -->On Tuesday, DJT dropped <a data-i13n=\"cpos:13;pos:1\" href=\"https:\/\/s3.amazonaws.com\/sec.irpass.cc\/2660\/0001140361-24-045260.htm\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:third quarter results;cpos:13;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">third quarter results<\/a> after the market close that revealed a net loss of $19.25 million for the quarter ending Sept. 30. This was narrower than the $26.03 million the company reported in the year-ago period.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1pe5jgt\"><!-- HTML_TAG_START -->DJT also reported revenue of $1.01 million, a slight year-over-year drop compared to the $1.07 million it reported in the third quarter of 2023. Over the past nine months ending Sept. 30, revenue has fallen 23% from the prior-year period.<!-- HTML_TAG_END --><\/p>\n<p><button class=\"secondary-btn fin-size-large readmore-button rounded   yf-15mk0m\" data-ylk=\"elm:readmore;itc:1;sec:content-canvas;slk:Story%20Continues\" aria-label=\"Story Continues\" title=\"Story Continues\"> <span>Story Continues<\/span> <\/button> <\/p>\n<\/p><\/div>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<br \/><div data-type=\"_mgwidget\" data-widget-id=\"1660802\">\r\n<\/div>\r\n<script>(function(w,q){w[q]=w[q]||[];w[q].push([\"_mgc.load\"])})(window,\"_mgq\");\r\n<\/script>\r\n<br \/>\n<br \/><a href=\"https:\/\/finance.yahoo.com\/news\/djt-stock-climbs-after-trump-says-he-will-not-sell-shares-153625670.html\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Trump Media &amp; Technology Group stock (DJT) closed over 15% higher Friday and was briefly halted for volatility after Donald Trump said he would not sell his shares in the &hellip; <a href=\"https:\/\/hotvideos24.online\/?p=123728\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-123728","post","type-post","status-publish","format-standard","hentry","category-business","entry"],"_links":{"self":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/123728","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=123728"}],"version-history":[{"count":0,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/123728\/revisions"}],"wp:attachment":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=123728"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=123728"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=123728"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}