News Formal

Truth Social Files Complaint with Nasdaq, Blames Market Manipulation for Stock Price

  • 📰 Gizmodo
  • ⏱ Reading Time:
  • 15 sec. here
  • 23 min. at publisher
  • 📊 Quality Score:
  • News: 82%
  • Publisher: 51%

Nasdaq News

Truth Social,DJT,Business

Trump Media CEO Devin Nunes says 'potential market manipulation' may be impacting the platform's stock.

Trump Media, the parent company that owns Truth Social, has filed a formal complaint with the Nasdaq, expressing concern for potential market manipulation impacting the stock. The platform’s stock, DJT, has actually been doing well lately, all things considered. The stock gained as much as 45.3% this week, which is the best boost it’s gotten in nearly a month, Marketwatch writes.

The letter notes that, as of Wednesday, DJT had appeared on the Nasdaq’s “Reg SHO threshold list,” which is “indicative of unlawful trading activity.” Such lists, which are a regulatory requirement, can be indicative “of improper naked short selling,” Investopedia claims.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 556. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Breitbart Business Digest: The Truth About Trump’s Truth Social WindfallSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Source: BreitbartNews - 🏆 610. / 51 Read more »