Shares of the media company tanked a day after the former president’s Tuesday debate with Vice President Kamala Harris.
Topline
Former President Donald Trump experienced a more than $200 million boost in net worth Friday after saying he will not sell shares in his social media company despite the upcoming end of a six-month lockup period restricting him from selling the stock, which performed well Friday.Key Facts
Trump said at a press conference he “has absolutely no intention of selling” his shares in Trump Media & Technology Group Corp., the parent company of the former president’s social media platform Truth Social.
Trump Media shares reacted positively to Trump’s commitment, closing up nearly 12% at $17.97 on Friday as the former president’s net worth increased $217 million to $3.
