Trump says he won’t sell truth on social media, calls for investigations

• Trump Media & Technology shares are rising after the election.
• Donald Trump repeated Friday that he is not selling and urged people to stop saying he is.
• “Truth is an important part of our historic victory,” he wrote, “and I believe in it deeply.”

Shares of parent company Truth Social have risen sharply since the election.

And as stocks rise, President-elect Donald Trump is making it clear: He says he’s not selling.

Additionally, Trump threatened “market manipulators or short sellers” who he said were spreading “fake, untrue and likely illegal rumors and/or statements” that he actually intended to sell Trump Media shares.

“I hereby request that the people who started these false rumors or statements, and who may have done so in the past, be immediately investigated by the appropriate authorities.” he wrote in a Truth Social post on Friday.. “The truth is an important part of our historic victory, and I believe in that deeply.”

Trump Media shares were up about 15% late Friday. Neither the Trump campaign nor Trump Media immediately responded to Business Insider’s requests for comment.

Trump Media’s largest investors, including Trump, could very well start selling their shares. in September.

Despite the difficult past“Social Truth” flourished in the run-up to the elections, even, apparently, eclipse Elon Musk’s X score. Stocks are thriving despite meager financials.

On Friday, Trump Media Market Capitalization amounted to about $6.5 billion. As of Friday, Trump’s controlling interest is 115 million shares worth about $3.7 billion.

On election day the company reported third quarter profitincluding revenue of $1 million and a net loss of $19.2 million. The company said it has $672.9 million on its balance sheet to further expand its just-launched TV streaming platform Truth+.