President-elect Donald Trump’s social media stock rebounded dramatically after a post on Truth Social, reportedly adding a half billion dollars

Shares of Truth Social rose to end the week after Donald Trump said on the platform that rumors and speculation that he might sell some of his shares weren't true. His comment came after the stock tumbled Thursday.

Shares of Trump Media & Technology Group, the parent company of Truth Social, closed about 6 percent higher in afternoon trading, a day after the company reported third-quarter earnings that showed it continued to struggle to generate revenues.

Trump’s social media company, Trump Media and Technology Group, rose by 6 percent, beating an already hot market. This jump came after some wild swings on Election Day, when the stock bounced up and down and exchanges halted trading to calm everyone down.

Shares of Donald Trump's upstart social-media company rocketed early Wednesday, as he claimed victory in the presidential election. Trump Media & Technology, the parent company of Truth Social, soared over 30% ahead of the open.

Truth Social shares rallied during the final stages of the campaign, more than tripling in value in weeks amid forecasts of Trump's higher chances of winning

Election officials in battleground states say that voter turnout is surging in what is projected to be one of the closest presidential elections in a generation. Despite the massive voter turnout, swing state officials say,