Shares in Trump's social media company spike after president-elect says he won't sell stake

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Trump called for an investigation into 'market manipulators or short sellers.'

Trump called for an investigation into"market manipulators or short sellers."Republican presidential nominee and former U.S. President Donald Trump speaks following early results from the 2024 U.S. presidential election in Palm Beach County Convention Center, in West Palm Beach, Florida, Nov. 6, 2024.

Earlier this year, Trump Media's CEO Devin Nunes called for Nasdaq to investigate whether the company's stock price was manipulated by short sellers betting against the company without owning or borrowing shares. Republican presidential nominee and former U.S. President Donald Trump speaks following early results from the 2024 U.S. presidential election in Palm Beach County Convention Center, in West Palm Beach, Florida, Nov. 6, 2024.But the company's long-term success remains uncertain, with the company losing more than $19 million during the last quarter while bringing in only $1 million in revenue, according to a recent SEC filing.

 

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