Trump Media has warned the Nasdaq market of 'potential market manipulation' of the company's DJT stock by "naked" short selling of shares.
DJT's share price has rallied in recent days, but is still sharply lower than the more than $70 per share it debuted with on March 26. Former Presidentowns nearly 60% of Trump Media shares. The paper value of his stake has dropped by billions of dollars since DJT began public trading last month. But Nunes noted that as of Wednesday "DJT appears on Nasdaq's 'Reg SHO threshold list,' which is indicative of unlawful trading activity."
"I write to bring your attention to potential market manipulation of the stock of Trump Media & Technology Group Corp." Nunes wrote.
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