Trump says he has no plans to sell his shares in media company

Speculation has been rife for quite some time as to former President Donald Trump's intentions regarding his stock holdings in the company that owns the Truth Social platform through which he regularly communicates to the nation.

As Reuters reports, Trump last week shut down rumors that he was planning to sell his shares, revealing his stance during a Friday press conference in California.

Trump quashes speculation

Curiosity about Trump's plans for his shares in DJT was running rampant in the run-up to an impending end to limits on their sale.

Though the stock had seen something of a selloff in recent days, Trump's assurances on Friday sent the price surging, countering fears that a decision from him to sell would send prices tumbling even further.

Presently, Trump owns roughly 57% of the media company behind Truth Social, and a reporter from Reuters took the opportunity to ask the former president his intentions during the aforementioned exchange in Rancho Palos Verdes.

“No, I'm not selling,” Trump explained. “I'm not leaving. I love it. I think it's great.”

As Reuters noted, DJT experienced explosive growth in value, reaching roughly $10 billion in the wake of its initial listing back in March, though there has been a decline of late, influenced in part by the presidential race as it currently stands.

Range of topics covered

It was not just the fate of his DJT shares that the former president discussed at Friday's press event, with Trump holding forth on a host of topics impacting California and beyond, as ABC 7 in Los Angeles reported.

Speaking at the Trump National Golf Course, Trump expressed solidarity with local residences suffering from the effects of recent landslides and referenced a meeting he had with Mayor John Cruikshank.

“I want to express my support for all of the families affected by the landslides in Rancho Palos Verdes. This area is very solid, but you go a couple of miles down, you'll see something that's pretty amazing. The mountain is moving. And it could be stopped, but they need some help from the government. So, I hope they get the help,” Trump said.

The former president also took aim at his November rival, Kamala Harris, warning voters about what he feels are the dangers of elevating her to the Oval Office.

“I'm here today in California with a very simple message for the American people -- we cannot allow comrade Kamala Harris and the communist left to do to America what they did to California,” Trump declared, but whether his message is resonating in the Golden State and elsewhere, only time will tell.