00:00 It's Benzinga and here's what's on the block.
00:02 Trump media warned the Nasdaq CEO of potential market manipulation of DJT stock from "naked
00:07 short selling." Naked short selling involves selling stocks without first borrowing them,
00:11 which is generally illegal. TMTG provided shareholders instructions to avoid lending
00:16 shares to short sellers, betting prices will fall. TMTG's CEO cited circumstantial evidence
00:21 DJT was the most expensive U.S. stock to short, incentivizing brokers to lend non-existent shares.
00:27 DJT stock has rallied but remains sharply below its $70 debut price, lowering Trump's paper wealth.
00:33 Data showed top four market participants handled over 60% of DJT volume.
00:38 For all things money, visit Benzinga.com.
