"Market Feud: Citadel, Trump Media Clash Over Short-Selling and Stock Performance"

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Source: New York Post
"Market Feud: Citadel, Trump Media Clash Over Short-Selling and Stock Performance"
Photo: New York Post
TL;DR

Ken Griffin's Citadel Securities and Devin Nunes, CEO of Truth Social's parent company, engaged in a war of words over accusations of stock manipulation and market manipulation. Nunes accused Citadel Securities and others of engaging in "naked short selling," prompting a response from Griffin's company calling Nunes a "proverbial loser." The feud stems from Trump Media and Technology Group's tanking stock price since going public, with Nunes sending a letter to Nasdaq accusing market makers of manipulation. The back-and-forth highlights the tensions surrounding the company's stock performance and the involvement of prominent figures in the finance and political spheres.

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