Trump's DJT stock continues NASDAQ tumble. What's behind the plummeting price?
What caused Trump Media's stock to plummet again recently?
Trump Media's stock plummeted again recently due to the approval of its registration statement, allowing investors to exercise warrants and the company to issue extra shares, diluting the value of existing shares. Additionally, the stock's long slide began following the former president's guilty verdict on all 34 felony counts in his criminal hush money trial.
What is Devin Nunes's stance on "naked" short selling?
Devin Nunes, CEO of Trump Media & Technology Group, has expressed concerns about "naked" short selling, an illegal practice where investors sell shares they don't own without borrowing them first4. He has called for investigations into this activity, claiming it has contributed to the volatility in Trump Media's stock price and potentially undermined retail investors.
How much has the former president's paper wealth decreased since June?
The former president's paper wealth has decreased by billions since June. As the largest shareholder of Trump Media & Technology Group, his nearly 115 million shares were worth about $3 billion, down from over $5 billion.