Trump Media CEO Requests Congressional Probe into Alleged Stock Price Manipulation
Wednesday, 24 April 2024, 15:14
CEO's Concerns on Stock Manipulation
Trump Media & Technology Group, owner of Truth Social, requests Congress to investigate potential manipulation of its share price. CEO Devin Nunes highlights concerns about 'naked' short selling, an illegal practice.
Key Points:
- Unlawful Activity: Nunes suggests sophisticated market participants profiting at the expense of retail investors through 'naked' short selling.
- Stock Market Debut: Trump Media had a strong debut but faced a significant drop in share price shortly after.
'Naked' short selling is a serious concern impacting the integrity of the stock market,' Nunes emphasized.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.