Trump Media Demands Nasdaq Probe into Alleged Stock Manipulation

CEO Devin Nunes calls for investigation into 'naked' short selling, citing severe trading anomalies affecting Truth Social's parent company.

Trump Media has requested Nasdaq's cooperation in investigating potential market manipulation of its stock.
The company alleges illegal 'naked' short selling by financial firms, impacting over 620,000 retail shareholders.
CEO Devin Nunes has written to Congress and the Financial Industry Regulatory Authority for formal inquiries.
Shares of Trump Media have experienced significant volatility since their market debut in March.
Despite reporting a $327 million quarterly loss, Trump Media maintains an $8 billion market capitalization.