Truth Social (NASDAQ:DJT) Slides as Company Calls for Short-Seller Investigation - TipRanks.com

Truth Social (NASDAQ:DJT) experienced a significant drop of over 4.5% in its stock value, prompting the company to request a Congressional investigation into alleged short-selling by eight firms. The company has highlighted concerns about possible "naked" short sales and market manipulation, targeting firms like Apex Clearing and Velocity Clearing among others. This move comes amidst ongoing volatility in Truth Social's stock value, raising questions about whether this call for investigation is a strategic defense or merely a PR tactic to draw attention.