There have been internal concerns that Trump Media could be misleading investors, a source said. But with its largest shareholder about to be president, experts doubt the SEC is up to the job of investigating Truth Social’s parent company. Last month a major shareholder of a publicly traded company took to social media to complain that people — perhaps short sellers — were spreading lies that could hurt his firm’s stock price.
“There are fake, untrue, and probably illegal rumors,” the post read. “I hereby request that the people who have set off these fake rumors or statements, and who may have done so in the past, be immediately investigated by the appropriate authorities.”
