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Trump Media Technology Group Launches Investigation into Alleged Illegal Activity
Trump Media Technology Group Corp (TMTG)
American Media and Technology Company
Trump Media Technology Group Corp (TMTG) is an American media and technology company majority-owned by former US President Donald Trump. TMTG launched its flagship social media platform, Truth Social, in February 2022.
Allegations of Illegal Activity
In a recent statement, TMTG announced that it is asking Congress to investigate its suspicions that illegal activity is driving down its stock price. TMTG claims that it has "strong evidence" that "illegal short selling and other illegal activities" are being used to manipulate its stock.
The company's statement also alleges that certain "short-seller funds" are working with "the mainstream media to create a false narrative about TMTG" in order to profit from its stock's decline.
Congressional Investigation
TMTG is requesting that Congress launch a full investigation into its allegations. The company believes that the investigation will "uncover the rampant and illegal short selling and other illegal activities" that it claims are targeting it.
TMTG has not provided specific details about the evidence it has gathered to support its claims. The company has also not identified the short-seller funds or media outlets that it believes are engaged in illegal activity.
Conclusion
TMTG's allegations and request for a congressional investigation are serious. If the company's claims are true, it could have significant implications for the financial markets and the political landscape. However, it is important to note that TMTG has not provided any concrete evidence to support its allegations. Congress should carefully consider TMTG's request before launching an investigation.
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