Source: Arabic
The value of US President Donald Trump‘s shares on the platform Truth Social was declining quickly after a short-term increase the moment he announced his election victory this week.
However, through one post on the platform, he helped increase the value of the stock again and added half a billion dollars ($500 million) to his net worth as a result, according to CNN.
a reduction of 42%.
In detail, at the opening of trading yesterday, Friday, shares of Trump Media and Technology Group had fallen 42% from their last level shortly after opening (trading) on Wednesday.
Traders often buy stocks in anticipation of a good company event. When that happens, they sell it to get their share of the profit bet.
“I have no intention of selling!”
But half an hour out of trading yesterday, when shares fell again, Trump posted a blog post about the company’s shares, saying: “Rumors and/or statements are false, misleading, and possibly illegal are made by market manipulators in which I am interested. in selling shares of the Truth.” “.
While he stressed, “These rumors or statements are false… I have no intention of selling!”
The stock rose immediately afterward by about 15%.
Largest single shareholder
Trump is the company’s single largest shareholder, with the value of his shares (114.75 million shares) amounting to around $3.7 billion now, up from $3.2 billion when the stock market opened. yesterday’s market.
It should be noted that the latest results released for the US presidential elections show that Trump received 301 electoral votes, far exceeding the number needed to win, which is that’s 270 votes, while Democratic Vice President Kamala Harris got 226 votes, according to local media networks.
2024-11-09 23:34:00
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