Trump Media Urges SEC Investigation into Short Selling Concerns

TMTG is requesting an investigation from the Securities and Exchange Commission (SEC) regarding potential stock manipulation concerns. The request follows reports of significant short selling activity linked to a London hedge fund. The company alleges that these activities are suspicious. This action comes amidst recent volatility in the stock price, which saw a surge of 6.2% following TMTG’s announcement. Despite this spike, no noticeable impact was observed in the crypto market.