Manipulation: Trump Media Suspects Illegal Activity Driving Down Stock Price, Nasdaq Not Responding
New York, NY – Trump Media, the company behind former President Trump’s Truth Social platform, has raised concerns about potential illegal activity affecting its shares on the Nasdaq stock exchange. CEO Devin Nunes alerted Nasdaq Inc. of suspicions regarding “naked” short selling, where shares are sold without ownership or borrowing, potentially leading to market manipulation. The company’s shares have faced significant volatility since going public following a merger with a blank-check acquisition firm in March. …