Donald Trump’s social media company took a nose dive once it went public last month.
Now, its CEO, Devin Nunes, reportedly wants Wall Street to get involved to try and stanch the bleeding.
According to a new report from Forbes: “… Nunes, former Republican congressman and CEO of Trump Media and Technology Group, has recently gone on the offensive, blaming Wall Street short sellers engaged in ‘potential market manipulation.’ According to Nunes, they’re not only hurting Trump and his inner circle but everyday shareholders. Now, he’s looking for someone to step in and come to the company’s rescue, asking everyone from Nasdaq to Congress to his own retail shareholders to take action against these short sellers.”
But, the report added, “Forbes spoke to five securities lawyers about TMTG’s complaints of illegal short selling and the actions the company has taken in response. All were skeptical that illegal naked short selling—if it’s happening at all—is the reason …