Shares of Trump Media surged Friday after majority owner Donald Trump confirmed he has no plans to sell his stake of nearly 57% in the company. Trump will soon be able to sell shares when a lockup agreement expires, but he stated, “I’m not selling.” Trading was briefly halted twice due to volatility, prompting Trump to criticize NASDAQ on Truth Social. Trump reiterated his long-term ownership plans, attributing the stock's decline to speculation over his potential sale.
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00:00It's Benzinga, and here's what's on the block.
00:03Shares of Trump Media surged Friday after majority owner Donald Trump confirmed he has
00:07no plans to sell his stake of nearly 57% in the company.
00:11Trump will soon be able to sell shares when a lockup agreement expires, but he stated
00:15I'm not selling.
00:16Trading was briefly halted twice due to volatility, prompting Trump to criticize Nasdaq on TruSocial.
00:22Trump reiterated his long-term ownership plans, attributing the stock's decline to speculation
00:26over his potential sale.
00:28For all things money, visit Benzinga.com.