Trump Media & Technology Group (TMTG), the company behind Truth Social, asks American regulators to take a closer look at what it claims to be a suspicious commercial activity involving its DJT actions. In a public letter to the acting president of the SEC, the company allegedly alleged that a company based in the United Kingdom, Qube, could short-circuit DJT actions without properly disclosing its positions. TMTG believes that this type of trading could affect its actions and hopes that regulators will intervene.
According to TMTG, Qube revealed in Germany that he had a short position of six million DJT shares, worth more than $ 100 million. But the problem, as the Trump media sees, is that Qube has not made the same type of disclosure to American regulators or in other major jurisdictions. The company also claims that the position of QUBE has since doubled to reach 11 million shares. If this is true, it would mean that Qube strongly bets against stock and without total transparency, which raises concerns of potential market manipulation.
Discovered in -scale sale, in particular without disclosure, can exert high pressure downwards on a stock. Trump Media believes that this could play a role in the poor performance of DJT Stock, which dropped 35% this year.
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Pressure under pressure, but greater problems remain
While short -term concerns receive attention, they come at a time when TMTG is already faced with greater problems. The company has financially harmful, ending last year with less than $ 4 million in income while accumulating more than $ 400 million in losses. The fall in action does not only concern the sellers uncovered, but it also reflects the deeper challenges of the company, including current surveys on a possible abusive use of its social platform of truth.
Despite the financial difficulties, Trump Media continues to push in cryptographic space. He recently associated himself with Crypto.com for a future ETF project and received an increase in attention after the DWF Labs market manufacturer has invested $ 25 million in World Liberty Financial, a DEFI platform linked to the Trump brand.
End
Although TMTG’s claims concerning the QUBE raise fair questions, it is probably only part of the situation as a whole. The company undergoes strong pressure from investors, regulators and the market itself. Whether the dry acts on this request or not, Trump Media will always have to prove that he can create a sustainable business, both in technology and now in crypto.
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