Truth Social Accuses Market Makers of 'Naked' Short Selling Amid Stock Volatility

Devin Nunes, CEO of Trump Media, files a complaint with Nasdaq, alleging illegal trading practices by major firms like Citadel Securities, impacting the stock's performance.

Trump Media & Technology Group's stock experiences significant fluctuations, with accusations of market manipulation centered on illegal 'naked' short selling.
Devin Nunes, CEO of Truth Social's parent company, claims that four market participants are largely responsible for the high trading volume of DJT shares.
Citadel Securities and other firms named in the complaint deny wrongdoing, with Citadel issuing a harsh rebuke of Nunes's accusations.
The controversy has sparked a public feud between Nunes and Citadel, with both parties exchanging strong statements through the media.
Despite recent volatility, DJT stock saw an increase after the complaint was filed, though it remains down significantly from its peak.