Trump Media & Technology Group, which operates Truth Social, sent another letter to the Nasdaq, once again calling for an investigation into stock manipulation and alleged illegal short selling activities.
The company controlled by ex-president Donald Trump has twice sent similar letters of complaint to four Republican congressmen who chair key financial oversight committees. It is unclear whether any of the chairmen have taken up Trump Media’s request to investigate illegal “naked” short selling, as the company alleges.
Trump Media went public in March via a merger with Digital World Acquisition. The stock has lurched up and down ever since, but at the last trade of $45.41 early this afternoon, shares still remain well off their high of $79.38 since the social media company went public.
As with all previous letters, the latest note to the Nasdaq was signed by Trump Media CEO Devin Nunes, a former congressman from California and Republican who during his time in Congress was allied with the four GOP congressmen he has solicited for an investigation into the shorting of Trump Media stock, which trades under the symbol DJT.
Nunes in the letter named several firms that he claims are involved in the allegedly naked short sales. One of the firms, Citadel Securities, previously called Nunes a “loser” for blaming DJT’s losses on shorts.
The company said it lost $327 million last quarter in its most recent earnings report. Read more.
