Buffett denies social media rumors after Trump shares wild claim that investor backs president crashing market

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Warren Buffett went on the record Friday to deny social media posts after President Donald Trump shared on Truth Social a fan video that claimed the president is tanking the stock market on purpose with the endorsement of the legendary investor.

Trump on Friday shared an outlandish social media video that defends his recent policy decisions by arguing he is deliberately taking down the market as a strategic play to force lower interest and mortgage rates.

«Trump is crashing the stock market by 20% this month, but he's doing it on purpose,» alleged the video, which Trump posted on his Truth Social account.

The video's narrator then falsely states, «And this is why Warren Buffett just said, 'Trump is making the best economic moves he's seen in over 50 years.'»

The president shared a link to an X post from the account @AmericaPapaBear, a self-described «Trumper to the end.» The X post itself appears to be a repost of a weeks-old TikTok video from user @wnnsa11. The video has been shared more than 2,000 times on Truth Social and nearly 10,000 times on X.

Buffett, 94, didn't single out any specific posts, but his conglomerate Berkshire Hathaway outright rejected all comments claimed to be made by him.

«There are reports currently circulating on social media (including Twitter, Facebook and Tik Tok) regarding comments allegedly made by Warren E. Buffett. All such reports are false,» the company said in a statement Friday.

CNBC's Becky Quick spoke to Buffett Friday about this statement and he said he wanted to knock down misinformation in an age where false rumors can be blasted around instantaneously. Buffett told Quick that he won't make any commentary related to the markets, the economy or tariffs between