Trump Media CEO urges House GOP leaders to probe possible ‘manipulation' of DJT stock [CNBC]
Trump Media & Technology Group Corp. (DJT)
Company Research
Source: CNBC
Nunes, himself a former House GOP chair, in a letter asked them to probe “anomalous trading” of the stock in order to gauge the extent of the alleged manipulation and “whether any laws including RICO statutes and tax evasion laws were violated.” The request doubles down on Nunes' claim that Trump Media, which trades under the ticker DJT, is the apparent victim of “naked” short selling, the practice of selling a company's shares without first borrowing them for that purpose. Trump Media, which began trading on the Nasdaq on March 26 after completing a lengthy public merger, was far and away the most expensive U.S. stock to short as of early April. Brokers therefore “have a significant financial incentive to lend non-existent shares,” Nunes wrote. The probe is necessary to protect the company's shareholders and to ensure that “the perpetrators of any illegal activity can be held to account,” he wrote. The CEO addressed the letter to four House committee leaders: Financial Ser
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DJT
News
- Parent company of Trump's Truth Social posts $328 mln loss [Yahoo! Finance]Yahoo! Finance
- Trump Media Reports $770,000 in Revenue for First Quarter and Large Losses [The New York Times]The New York Times
- Trump Media lost $327.6 million in the first quarter of the year on revenue of just $770,500 [MSNBC.com]MSNBC.com
- Trump media company lost more than $327m in first quarter [Yahoo! Finance]Yahoo! Finance
- Trump Media Reports $327M First Quarter Loss, Posts Revenue of Just $770K [Yahoo! Finance]Yahoo! Finance
DJT
Sec Filings
- 5/20/24 - Form 10-Q
- 5/20/24 - Form 8-K
- 5/15/24 - Form NT
- DJT's page on the SEC website