Trump Media shares surge 17% after Donald Trump says he isn't selling, will stay on Truth Social

Core Viewpoint - Donald Trump confirmed he will not sell his majority stake in Trump Media & Technology Group, which owns Truth Social, and intends to remain active on the platform [1][2]. Group 1: Company Performance - Shares of Trump Media & Technology Group surged by 18% following Trump's comments, reversing a trend of steady declines in the weeks prior [1][4]. - The company's market value reached nearly $10 billion after its stock market listing in March, driven by support from Trump supporters and traders anticipating his potential victory in the upcoming presidential election [2]. Group 2: Insider Selling Provisions - Trump and other insiders are set to be allowed to sell their shares starting later this month, which could lead to an influx of additional shares in the market [3]. - If the stock price remains at or above $12 for any 20 trading days starting from August 22, Trump will be eligible to sell shares beginning on September 20; otherwise, he can sell starting September 26 [4].