Overview

• 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.