Trump Media Demands Probe into Alleged Stock Manipulation

1 min read
Source: USA TODAY
Trump Media Demands Probe into Alleged Stock Manipulation
Photo: USA TODAY
TL;DR Summary

Trump Media & Technology Group, led by CEO Devin Nunes, is urging Nasdaq to investigate alleged market manipulation and naked short selling affecting its stock. Nunes has requested trading data from 13 financial firms and emphasized the need to protect retail investors. Critics argue that the company may be deflecting from its own financial struggles, as it reported significant losses and minimal revenue. The stock has experienced high volatility since its market debut.

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