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Market Investigation

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business1 year ago

Trump Media Demands Probe into Alleged Stock Manipulation

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.