Trump Media Suspects Illegal Short Sellers Targeting Stock
April 22, 2024
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0:51Now PlayingTrump Media Suspects Illegal Short Sellers Targeting Stock
YouTube Description
as posted by the channelTrump Media's leadership claimed the company is being targeted by illegal short sellers hoping to drive down the price of shares. In a letter released Friday, Trump Media CEO Devin Nunes told the president of the NASDAQ, quote, "brokers have a significant financial incentive to lend non-existent shares." He believes at least some short sellers are betting shares will go down in price without owning or borrowing them which can be illegal.
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