Billionaire Republican donor’s firm brands Trump’s social media CEO ‘loser’

The CEO of Donald Trump’s social media empire was branded a “proverbial loser” whom the former president “would have fired on The Apprentice” by a trading firm owned by the billionaire Republican donor Ken Griffin on Friday.

In an extraordinary statement, Citadel Securities accused Devin Nunes, chief executive of Trump Media & Technology Group , of trying to deflect blame for the company’sHours earlier, it emerged that Nunes – a former Republican congressman who resigned two years ago to run TMTG – had written to the head of New York’s Nasdaq stock exchange to raise “potential market manipulation” of the group’s stock.

Short-selling is a way of betting against a public company. An investor borrows a stock, and then sells it on; should the stock then drop, the investor then buys it back and pockets the difference. So-called “naked” short-selling is selling a stock without first borrowing it, or determining if it can be borrowed. It is generally illegal in the US, as Nunes noted in his letter.

“Devin Nunes is the proverbial loser who tries to blame ‘naked short-selling’ for his falling stock price,” a spokesperson for Citadel Securities said. “Nunes is exactly the type of person Donald Trump would have fired on The Apprentice. If he worked for Citadel Securities, we would fire him, as ability and integrity are at the center of everything we do.

Source: Digital Coin News (digitalcoinnews.net)

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