Trump Media CEO Decries Naked Short Selling; Citadel Fires Back, Stock Rises

Apr 20, 2024
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Shares of Truth Social’s parent rose in another volatile session, extending a roller-coaster stretch of trading for Donald Trump’s social-media startup. On Thursday, Trump Media Chief Executive Devin Nunes sent a letter to Nasdaq CEO Adena Friedman asking her to help prevent illegal naked short selling and to make sure trading firms disclose their short positions.

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