Former President Donald Trump's newly public Trump Media & Technology company may be the target of market manipulation, CEO Devin Nunes alleged in a letter to Nasdaq CEO Adena Friendman on Friday. Shares of the stock, which are listed on the Nasdaq under the ticker D-J-T, have seen extreme swings since going public on March 26. "Reports indicate that, as of April 3, 2024, DJT was ‘by far’ ‘the most expensive U.S.
which monitors markets and oversees broker-dealers, decline to comment. Since the IPO, DJT shares have traded as high as $79 per share, giving the former president a brief paper net worth over $9 billion for the stock. That has dipped to about $3 billion as of Friday. WHAT IS A SHORT SELLER? The shares have earned membership in the meme club, joining other actively traded stocks such as AMC and GameStop that are popular on social media chats such as Reddit.
The allegations come as Trump is on trial in New York City for hush money payments to former porn star Stormy Daniels. Jury selection is currently underway. Nunes served as a Republican representative for the state of California through 2022. CLICK HERE TO READ MORE ON FOX BUSINESS
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