Trump Media's Stock Experiences Volatile Trading Amid Allegations of Market Manipulation

Devin Nunes, CEO of Trump Media, accuses Wall Street of illegal short-selling practices, calling for regulatory and congressional intervention.

Trump Media's stock, trading under the ticker DJT, has seen significant fluctuations, dropping from a high of $79.38 to a low of $22.84 within a month.
Nunes has publicly blamed illegal short-selling for the stock's instability, urging Nasdaq and Congress to investigate potential market manipulation.
Legal experts and securities lawyers express skepticism about the allegations, noting the legality of short-selling and questioning the evidence provided by Trump Media.
Despite the controversies, Trump Media's stock rebounded slightly in recent days, with its market cap recovering to over $5 billion.
The company's financial struggles continue, with a reported net loss of $58 million last year and warnings about its ability to sustain operations.