Trump Media & Technology Group CEO Raises Concerns Over Stock Manipulation, Requests Probe By Louisiana Regulator: Anomalies Surrounding Trading Have Become 'Chronic And Alarming' from market chut Watch Video

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✓ Published: 29-May-2024
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Devin Nunes, CEO of Trump Media & Technology Group, the owner of Donald Trump‘s social networking site Truth Social, has formally raised concerns about alleged stock manipulation with the Louisiana Office of Financial Institutions.

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Devin Nunes, CEO of Trump Media & Technology Group, the owner of Donald Trump‘s social networking site Truth Social, has formally raised concerns about alleged stock manipulation with the Louisiana Office of Financial Institutions.
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Devin Nunes, CEO of Trump Media & Technology Group, the owner of Donald Trump‘s social networking site Truth Social, has formally raised concerns about alleged stock manipulation with the Louisiana Office of Financial Institutions.
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Shares of Trump Media dropped 15% in extended trading following Former President Donald Trump's guilty verdict in New York. Trump owns 65% of shares in Trump Media, the company that owns the Truth Social app. Trump Media merged with shell company Digital World Acquisition Corp in March, sending its stock surging initially. The company has a market cap of around $9 billion, based largely on Trump's personal brand and following. In its first quarter, Trump Media reported a net loss of more than $320 million on less than $1 million in revenue.
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