Shares of Donald Trump’s social media company soared after the president-elect again vowed not to sell his stake in the parent company. Real Social and called for investigations into “market manipulators or short sellers.”

Trump Media’s stock price rose nearly 16 percent to $32 per share on Friday as investors reacted to the news.

In interviews with ABC News before the election, some shareholders expressed optimism about the company’s future if Trump reverses the election. won the electionThis was largely due to the company’s potential to investigate and shut down “naked short sellers” whom they blamed for its weak stock price.

Earlier this year, Trump Media CEO Devin Nunes called on Nasdaq to investigate whether the company’s stock price was being manipulated by short sellers who bet against the company without owning or buying shares.

“The system seems a little rigged,” Todd Schlanger, a West Palm Beach shareholder, told ABC News earlier this year. “When he becomes president, I think he will fire the chairman of the SEC, and I think that will make a huge change for the company and all companies.”

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Shares of the company, which some analysts see as a bellwether for Trump’s election chances, have been on the rise since late September, when the stock fell as low as $12. As Trump’s chances of winning the election increased, the stock tripled in value in October and traded above $50 per share.

However, the company’s long-term success remains uncertain; The company generated just $1 million in revenue while losing more than $19 million in the latest quarter, according to a recent SEC filing.

The site attracts only 3.7 million unique monthly visitors, compared to rival X’s 461.4 million monthly visitors, according to Similarweb, a data tracking site.

His 57 percent stake in the company is worth about $4 billion as Trump takes office and the company’s share price continues to rise.

Shares of Trump’s social media company soared after the president-elect said he wouldn’t sell its shares originally appeared abcnews.go.com