Trump Media Suspects Illegal Short Sellers Targeting Stock

By : Cheddar News

Published On: 2024-04-22

4.4K Views

00:51

Trump Media's leadership claimed the company is being targeted by illegal short sellers hoping to drive down the price of shares. In a letter released Friday, Trump Media CEO Devin Nunes told the president of the NASDAQ, quote, "brokers have a significant financial incentive to lend non-existent shares." He believes at least some short sellers are betting shares will go down in price without owning or borrowing them which can be illegal.

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