-The company that owns Donald Trump's social media platform Truth Social said on Tuesday it has sent a letter to the commissioner of the Louisiana Office of Financial Institutions to open an investigation into alleged"illicit activities" in the trading of its shares.
Short selling involves borrowing a company's shares and selling them in the hope of later buying them back at a lower price before returning the shares to their owner. "The anomalies surrounding the trading of DJT suggest the possibility of unlawful collusion among multiple market counterparties," Nunes wrote.
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