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the future of ask automotive limited (544022) stock ✌️【High Risk, High Return】✌️ Real-time updates on global stock trends and expert market analysis to help you select profitable stocks and grow your wealth effectively. President-elect Donald Trump’s social media stock had been sinking fast after a short-lived, post-election-victory surge this week. Then, with a single post on Truth Social, he helped boost the stock again – and added a half billion dollars to his net worth as a result.

the future of ask automotive limited (544022) stock ✌️【High Risk, High Return】✌️ Receive professional stock analysis with real-time updates on market movements. Make quick investment decisions and capitalize on profitable opportunities. At Friday’s market open, in what was likely a classic “buy the rumor and sell the news” trade, shares of Trump Media and Technology Group had fallen 42% since their recent peak shortly after Wednesday’s open. Traders often buy a stock in anticipation of a positive event for a company – and when it happens, they sell to take their share of their profitable bet.

But then, a half-hour into trading Friday, when shares were down again, Trump sent out aTruth Social postabout the company’s stock: “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. THOSE RUMORS OR STATEMENTS ARE FALSE. I HAVE NO INTENTION OF SELLING!”

Immediately after, the stock surged, rising nearly 15% Friday. Trump is the company’s single largest shareholder, and his 114.75 million shares are now worth about $3.7 billion. That’s up from $3.2 billion at Friday’s market open.

Friday’s jump helped the stock land in the green for the week – but not by much. Trump media rose just 4.4% over the past five days.

the future of ask automotive limited (544022) stock ✌️【High Risk, High Return】✌️ Free break-even services and stock analysis to help you recover quickly from losses and increase your chances of making profitable investments. The company has been called a “meme stock” that has been extremely volatile since it went public in March, and it does not trade on its fundamental business value. Throughout the year, Trump Media’s stock has traded as a kind of barometer for Trump’s election chances. Itquadrupled in valueover a five-week span beforeplunging by 41%over three days at the end of last week. It thenrebounded sharplythe day before the election.

the future of ask automotive limited (544022) stock ✌️【High Risk, High Return】✌️ Real-time global stock market trend analysis to help you identify profitable opportunities and improve your investment strategies. Truth Social’s business is minuscule by comparison with its better-known rivals such as X, TikTok and Instagram. The company is in a cash crunch and said it brought in less than $1 million in revenue in the past quarter.

the future of ask automotive limited (544022) stock ✌️【High Risk, High Return】✌️ Expert predictions on stock market movements with real-time data, ensuring you can make quick decisions and capture market opportunities. Trump has previously said he has no intention to sell his shares in the stock. That could be difficult to do, anyway, because the company’s valuation depends almost entirely on Trump’s ownership and participation on Truth Social, its core product. But Friday’s reminder was enough to give traders hope that Trump will continue with the company, even while he is President of the United States.

the future of ask automotive limited (544022) stock ✌️【High Risk, High Return】✌️ Free access to real-time stock indices, futures data, and market predictions to help you select high-return stocks and build a profitable portfolio. The fact that Trump can benefit financially from the statements he makes on the social media platform has raised ethical concerns – as have his many other business ties.

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