Trump media require a sec probe in alleged manipulation of DJT sections

Trump Media & Technology Group (TMTG), a company behind the truth of Social, raises alarm for what he claims is a suspicious trade activity that includes its DJT shares. In the letter The SEC’s acting president, the company points to the finger in the British company, QUBE, accusing her of the short DJT shares without correctly revealing his position. TMTG says this type of activity could harm supplies – and wants the regulators to enter.

Here’s what’s actually happening behind the title.

According to Trump mediaQube reported in Germany that it was a short section of DJT six million – more than $ 100 million. But TMTG says Qube has not discovered the same in the US or in other major markets.

The company also claims that Qube’s short position has almost doubled, reaching 11 million shares. If it is accurate, it would suggest that Qube would take a strong bet against shares – without complete transparency, causing concern about the possible manipulation on the market.

An undisturbed short sale can largely put a serious pressure on the price of the company’s shares. TMTG believes that this may be one of the reasons that the DJT section has dropped 35% this year so far. However, the company admits that short sellers are not the only factor behind the fall.

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Stock under pressure but remain bigger problems

Trump media also face great financial and legal challenges. He finished last year with less than $ 4 million in revenue, while reporting more than $ 400 million losses. On top of that, the company is under investigation for possible abuse of social platform of truth – questions that have been added to investors’ problems.

Even with these struggles, TMTG stimulates forward with its crypto plans. He recently united with Crypto.com on the future ETF -Ai project attracted attention after the DWF Labs market manufacturer invested $ 25 million at World Liberty Financial, defined a platform related to Trump’s Mark.

Bottom line

While TMTG’s concerns for QUBE ask valid questions, they are just one part of a much bigger story. The company is under pressure from all sides – investors, regulators and markets. Regardless of whether SEC has this appeal acting, Trump Media still has to prove that he can build a stable, successful job and in technology and in cryptocurrencies.