Warren Buffett has issued a public statement refuting claims that he supports President Donald Trump's alleged plan to intentionally crash the stock market. The rumors gained traction after Trump shared a video on his Truth Social platform that falsely suggested Buffett endorsed the idea of manipulating the market.
Buffett, the chairman and CEO of Berkshire Hathaway, addressed the allegations directly on Friday. He stated that the claims are entirely false and that he has no involvement in or knowledge of any such strategy. He emphasized his commitment to long-term investing and the stability of the American economy.
The video shared by Trump appeared to be created by a supporter and contained unsubstantiated claims about Trump deliberately weakening the market. It falsely portrayed Buffett as being in agreement with this alleged plan. Buffett's denial aims to set the record straight and prevent the spread of misinformation that could negatively impact investor confidence. The incident highlights the potential for social media to spread false narratives and the importance of verifying information before accepting it as fact.
Buffett Refutes Trump's Claim of Market Crash Endorsement
Warren Buffett has publicly denied claims circulating on social media that he supports President Trump's alleged strategy to intentionally crash the stock market. These rumors stemmed from a video shared by Trump on Truth Social, which falsely suggested Buffett's endorsement of this market manipulation. The legendary investor refuted these claims Friday, clarifying his position and distancing himself from the controversial allegations. Buffett's statement aims to dispel misinformation and reassure investors.
Source: Read the original article at NBC