{"id":2341001,"date":"2024-09-13T21:43:00","date_gmt":"2024-09-14T01:43:00","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/trump-maintains-faith-in-truth-social-sending-the-stock-price-up-washington-examiner\/"},"modified":"2024-09-13T21:46:42","modified_gmt":"2024-09-14T01:46:42","slug":"trump-maintains-faith-in-truth-social-sending-the-stock-price-up-washington-examiner","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/trump-maintains-faith-in-truth-social-sending-the-stock-price-up-washington-examiner\/","title":{"rendered":"Trump maintains faith in Truth Social, sending the stock price up &#8211; Washington Examiner"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">28<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Ftrump-maintains-faith-in-truth-social-sending-the-stock-price-up-washington-examiner%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2341001&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>Former President Donald Trump \u200chas expressed \u2062his ongoing confidence\u2062 in his <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/musk-threatens-lawsuit-against-researchers-who-reported-rise-in-hate-speech-on-x\/\" title=\"Musk warns of legal action over hate speech study on X.\">social\u2064 media company<\/a>, Truth Social, despite its recent decline in <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/donald-trump-ends-negotiations-with-nancy-pelosi-on-coronavirus-relief\/\" title=\"Donald Trump Ends Negotiations with Nancy Pelosi on Coronavirus Relief\">stock<\/a> value following his performance in a presidential debate. In a \u2063statement to reporters, Trump indicated that\u200d he would\u2062 not sell\u200c any of\u2064 his shares in the company, which is significant \u2064as a six-month lockup period on his shares is set to expire soon. He emphasized, &#8220;I don\u2019t want to sell my shares. I don\u2019t need money.&#8221; Following his comments, the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/stunning-reddit-shuts-down-wallstreetbets-subgroup-blames-racism-and-hate-speech-after-rookie-investors-in-general-public-make-money-causing-hedge-funds-to-go-bust\/\" title=\"STUNNING: Reddit Shuts Down WallStreetBets Subgroup \u2014 Blames Racism and Hate Speech \u2014 After Rookie Investors in General Public Make Money Causing Hedge Funds to Go Bust\">stock price<\/a>\u200b of Truth Social experienced a rebound, rising by 12% from a low \u200cof $16.68 per share to $17.97. Despite the fluctuations in stock value, Trump&#8217;s \u200bfaith in the platform remains steadfast.  <\/p>\n<p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><\/p>\n<p><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><\/p>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-mobile-menu-button\"><i class=\"tdb-mobile-menu-icon td-icon-mobile\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-header-search-button-mob dropdown-toggle\" data-toggle=\"dropdown\"><i class=\"tdb-mobile-search-icon td-icon-search\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-mobile-menu-button\"><i class=\"tdb-mobile-menu-icon td-icon-mobile\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<div class=\"tdb-drop-down-search\" aria-labelledby=\"td-header-search-button\">\n<div class=\"tdb-drop-down-search-inner\">\n<form method=\"get\" class=\"tdb-search-form\" action=\"https:\/\/www.washingtonexaminer.com\/\"><\/form>\n<div class=\"tdb-aj-search\"><\/div>\n<\/div>\n<\/div>\n<p><a href=\"http:\/\/www.washingtonexaminer.com\/#\" role=\"button\" aria-label=\"Search\" class=\"tdb-head-search-btn dropdown-toggle\" data-toggle=\"dropdown\"><i class=\"tdb-search-icon td-icon-search\"><\/i><\/a><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<h1 class=\"tdb-title-text\">Trump maintains faith in Truth Social, sending the stock price up<\/h1>\n<div><\/div>\n<div class=\"tdb-title-line\"><\/div>\n<\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<div id=\"Brid_1760285\" class=\"tpd-featured-video bridtv\"><\/div>\n<p>Former President <a href=\"https:\/\/www.washingtonexaminer.com\/tag\/donald-trump\/\" target=\"_blank\" rel=\"noopener\" title>Donald Trump&rsquo;s<\/a> social media company, Truth Social, plummeted in value after his performance in Tuesday&rsquo;s presidential <a href=\"https:\/\/www.washingtonexaminer.com\/section\/news\/campaigns\/presidential\/\" target=\"_blank\" rel=\"noopener\" title>debate<\/a>. But on Friday, he <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/tokyo-olympics-set-to-go-on-regardless-of-covid-19-pandemic\/\" title=\"Tokyo Olympics Set To Go On \u2018Regardless\u2019 Of COVID-19 Pandemic\">expressed confidence<\/a> in it.<\/p>\n<div class=\"article-paywall\">\n<p>Speaking to reporters, Trump said he would not sell any of his shares in the company in a potential move to cash in. A six-month lockup of his shares ends next week, allowing him the option to sell them if he wished.<\/p>\n<p>&ldquo;I don&rsquo;t want to sell my shares,&rdquo; he said. &ldquo;I don&rsquo;t need money.&rdquo;<\/p>\n<p>In the aftermath of his remarks, Truth Social stock surged by 12%, recouping some of his loss. The stock had dropped to $16.68 per share Wednesday before coming up to $17.97 Friday.<\/p>\n<p>Trump also later complained that NASDAQ &ldquo;halted the sale of DJT&rdquo; after the stock exchange briefly paused trading likely because of the stock&rsquo;s quick swing in price.<\/p>\n<p>&ldquo;Why is NASDAQ halting the sale of DJT? What right do they have to do this? They have done it twice today,&rdquo; he <a href=\"https:\/\/truthsocial.com\/@realDonaldTrump\/posts\/113132456877184604\" target=\"_blank\" rel=\"noopener\" title>posted<\/a> on Truth Social. &ldquo;What&rsquo;s going on? Are they taking orders from the SEC, which, for political reasons, delayed us for an inordinate amount of time, therefore hurting the stock very badly? I am going to hold NASDAQ, and maybe the SEC, liable for doing what they are doing.&rdquo;<\/p>\n<p><a href=\"https:\/\/www.washingtonexaminer.com\/\"><strong><\/strong><\/a><\/p>\n<p>Trump owns 57% of Truth Social, and it&rsquo;s a significant amount of his wealth. Because of Friday&rsquo;s jump in stock price, Trump&rsquo;s net worth <a href=\"https:\/\/www.forbes.com\/sites\/antoniopequenoiv\/2024\/09\/13\/trumps-net-worth-jumps-200-million-after-he-says-he-wont-sell-djt-stock\/\" target=\"_blank\" rel=\"noopener\" title>increased<\/a> $217 million to $3.9 billion total.<\/p>\n<p>Trump has used Truth Social daily. He returned to X earlier this year but posts most of his personal thoughts on his platform.<\/p>\n<\/div>\n<p> <script data-cfasync=\"false\" src=\"http:\/\/www.washingtonexaminer.com\/cdn-cgi\/scripts\/5c5dd728\/cloudflare-static\/email-decode.min.js\"><\/script><script>!function(){var g=window;g.googletag=g.googletag||{},g.googletag.cmd=g.googletag.cmd||[],g.googletag.cmd.push(function(){g.googletag.pubads().setTargeting(\"has-featured-video\",\"true\")})}();<\/script><script>var _bp=_bp||[];_bp.push({\"div\":\"Brid_1760285\",\"obj\":{\"id\":\"27789\",\"width\":\"1280\",\"height\":\"720\",\"stickyDirection\":\"below\",\"video\":\"1760285\"}});<\/script><script defer src=\"https:\/\/services.brid.tv\/player\/build\/brid.min.js\"><\/script><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Trump expresses confidence in Truth Social, boosting stock price<\/p>\n<p>Former President Donald Trump&#8217;s social media platform, Truth Social, saw a significant drop in value following his performance in Tuesday&#8217;s presidential debate. However, on Friday, he conveyed his belief in the company. In remarks to reporters, Trump stated that he has no intention of selling any of his shares despite a six-month lockup period ending next week that would allow him to do so. &#8220;I don\u2019t want to sell my shares,&#8221; he asserted. &#8220;I don\u2019t need money.&#8221; Following his comments, the stock price for Truth Social rose by 12%, recovering some of its previous losses; it had fallen to $16.68 per share on Wednesday but climbed back up to $17.97 by Friday.<\/p>\n<p>Trump also voiced frustration over NASDAQ&#8217;s decision to temporarily halt trading of DJT shares due to rapid price fluctuations. He questioned their authority and suggested they might be acting under pressure from the SEC, which had previously delayed their operations for political reasons and negatively impacted the stock&#8217;s performance. Trump holds 57% ownership of Truth Social, making it a substantial part of his wealth; as a result of Friday\u2019s increase in stock value, his net worth grew by $217 million to reach a total of $3.9 billion.<\/p>\n<p>He actively uses Truth Social daily and returned to X earlier this year but primarily shares most personal updates on his own platform<\/p>\n","protected":false},"author":1,"featured_media":2341002,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2024\/09\/T.webp","fifu_image_alt":"","footnotes":""},"categories":[538],"tags":[32364,40885,3634,35132,32076],"class_list":["post-2341001","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-washington-examiner","tag-social-media","tag-stock-price","tag-trump","tag-truth-social","tag-washington-examiner"],"fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2024\/09\/T.webp","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2341001","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2341001"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2341001\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2341002"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2341001"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2341001"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2341001"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}