Trump’s single social media post triggers $500 million surge in personal wealth

Trump's single social media post triggers $500 million surge in personal wealth

President-elect’s Truth Social post sparks dramatic market rally

In a remarkable demonstration of social media’s impact on market dynamics, a single Truth Social post by former President Donald Trump sparked a significant rally in his media company’s stock, adding approximately $500 million to his net worth, according to CNN reports.

The dramatic shift occurred Friday as Trump Media and Technology Group’s stock rebounded from a sharp decline that had seen shares plummet 42% from their post-election peak on Wednesday. The turnaround came after Trump directly addressed market rumors on his platform.

“There are fake, untrue, and probably illegal rumors and/or statements made by, perhaps, market manipulators or short sellers, that I am interested in selling shares of Truth,” Trump wrote on his platform, immediately triggering a market response.

Immediate market impact

The post’s effect was swift and substantial:

Election impact on investor sentiment

The recent market activity follows a pattern of election-related trading, with Trump Media’s stock experiencing a remarkable 200% surge in the six weeks leading up to the presidential election. Investors had positioned themselves based on betting markets that favored a Republican victory, despite polls showing a close race between Trump and Vice President Kamala Harris.

Ownership structure

Trump maintains a controlling interest in the company.

Market pattern analysis

Market experts note that while the week’s overall gain for Trump Media stock was modest at 4.4%, the incident illustrates the classic “buy the rumor, sell the news” trading pattern, which was temporarily disrupted by Trump’s direct intervention in market sentiment.

The former president’s market-moving statement aligns with his September declaration that he had no intentions of selling shares or departing from the platform he established.

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