Citadel Securities Clashes with Trump Media's CEO Over Stock Decline
In a recent twist of events, Citadel Securities, founded by billionaire Ken Griffin, has come under fire from Trump Media's CEO, Devin Nunes. Nunes pointed fingers at short-sellers, specifically naming Citadel, for the steep decline in Trump Media's stock value. Nunes's accusations, sent directly to the Nasdaq and the Securities and Exchange Commission (SEC), highlighted a controversial practice known as naked short selling, suggesting it played a pivotal role in the downturn of the company's financial health.
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