Cheddar
@cheddar·1.1M subscribers·2.3K videos
Trump Media Suspects Illegal Short Sellers Targeting Stock
Posted
April 22, 2024
Views
2,682
Likes
44
Comments
39
Engagement
3.09%
April 22, 2024
2,682
44
39
3.09%
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0:51Now PlayingTrump 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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