Citadel Securities ripped Trump Media CEO Devin Nunes for a letter he sent the Nasdaq Stock Market which mentioned Citadel Securities and other major market companies after warning of possible illegal short sale trading in DJT shares.
"Devin Nunes is the proverbial loser who tries to blame 'naked short selling' for his falling stock price," a spokesperson for Citadel Securities said.would have fired on The Apprentice," said the spokesperson referring to the former Republican president's business competition reality TV show. The company, which had just $4.1 million in revenue last year, has seen its market capitalization shed billions of dollars as a result of the share price drop.
Nunes said brokers had"significant financial incentive to lend non-existent shares" to short sellers because of the unusually high premiums they have been able to charge for such loans of DJT shares. Nunes is a former Republican congressman from California. He resigned from the House of Representatives in late 2021 to become the head of Trump Media when it was privately held. The company became publicly traded last month as a result of a merger with a shell company.
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