Donald Trump strongly denied rumors about selling his shares in Trump Media, stating, "There are fake, untrue, and probably illegal rumors... that I am interested in selling shares of Truth." His comments were aimed at refuting market speculation that affected the stock's performance.
After the stock slumped, Trump posted emphatically, "THOSE RUMORS OR STATEMENTS ARE FALSE. I HAVE NO INTENTION OF SELLING!" His statement resulted in a significant rally of approximately 15% in the shares, highlighting the volatility of market responses.
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