Trump Media Goes to Congress With Claims That Its Stock Is Being Illegally Traded [Yahoo! Finance]
Trump Media & Technology Group Corp. (DJT)
Company Research
Source: Yahoo! Finance
Trump Media CEO Devin Nunes called on Congress to carry out a “thorough and expeditious investigation” into what the company claims is “unlawful manipulation” of its stock. Nunes made the request in a letter dated Tuesday to the chairs of the House committees on Judiciary, Financial Services, Ways and Means, and Oversight and Reform. Nunes said the company's stock appeared to be manipulated by a practice known as “naked” short-selling, or the illegal sale of shares without borrowing them first. The Trump Media CEO wrote that this was “particularly troubling given that ‘naked' short selling often entails sophisticated market participants profiting at the expense of retail investors.” He pointed to Trump Media's appearance on the Nasdaq's “Reg SHO threshold list” — a list of securities whose transactions failed to clear at a registered clearing agency for five consecutive days — since April 2 as “indicative of unlawful trading activity” of its stock. While “naked” short-selling i
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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