Ya'll are missing a huge thing here.
Nunes has been very vocal in the media before SATURDAY about stock manipulation on DJT
Here's a sample for you
Trump Media says 'manipulation' is hurting its stock — and it wants the Nasdaq to help investigate
Geoff Weiss Jun 5, 2024, 12:23 PM EDT
https://markets.businessinsider.com/news/stocks/trump-media-says-manipulation-hurting-stock-wants-nasdaq-help-2024-6
Trump Media's leadership seems convinced short-sellers are manipulating its stock.
The company wants the Nasdaq's help to investigate whether "naked" short selling is going on.
CEO Devin Nunes has been trying to crack down on short-sellers betting against the company.
Former President Donald Trump's media company is doubling down on claims there's something fishy going on with its stock — and it wants the Nasdaq's help investigating.
In another letter to Nasdaq CEO Adena Friedman, Devin Nunes — the CEO of Trump Media & Technology Group — raised concerns Tuesday about "manipulation."
Nunes wants to investigate whether "Wall Street insiders" are engaged in "naked" short selling of the stock, which trades under the DJT ticker. Illegal naked short sales involve shares that haven't actually been borrowed.
He and Trump Media have been trying to crack down on short-sellers who've been betting against Truth Social — whom many of its supporters have blamed for its bumpy performance.
Nunes first wrote to Friedman in April because his company was being hit with "failure to delivers" — which he said resulted from naked short sales. FTDs increased in May, Nunes wrote Tuesday.