266
Trump Media, the company behind "Truth Social," has raised concerns with Nasdaq regarding possible illegal activity impacting its share prices. CEO Devin Nunes penned a letter to the exchange outlining what he perceives as "naked" short selling, a practice where shares are sold without proper borrowing or assurance of borrowability.
The letter highlights the significant drop in Trump Media's stock, which has plummeted by approximately 50% from its peak on March 26th, just after its initial public offering. Nunes alleges that this decline may be attributed to illegal market. . .
