Financial analysts are speculating that Trump Media's recent actions, pushing lawmakers to probe 8 firms over short-selling, may be a strategic diversion. Herb Greenberg, speaking on CNBC, described the move as a 'diversion tactic' similar to past disputes between companies and short-sellers. Meanwhile, Trump Media's stock, symbolized as $DJT, has seen a significant price increase, nearly reaching $50 per share. This rise is attributed by some, like Twitter user mitchellvii, to speculative buying in anticipation of a potential political win by Trump, likening the stock's behavior to that of a 'meme stock.'
Trump’s war on short-sellers appears to pay dividends as DJT’s stock rises https://t.co/z9ZaZAt87k
Trump’s war against short-sellers appears to be paying dividends as DJT’s stock rises https://t.co/KgfH8qmbVY
Why is $DJT back to almost $50 a share? It's like an NFT. Investors are expecting it to surge when Trump wins. Just a meme stock.
Is this surprising? $DJT https://t.co/N6ExITgD9h
If you are going to steal from people like $DJT hopes to do by manipulating its stock higher, you need a distraction if your business sucks so bad u need one. Trump Media going after short-sellers is a 'diversion tactic', says Herb Greenberg @CNBC https://t.co/9gL8ssPz2w
"This is more of a diversion tactic," says @herbgreenberg on Trump Media pushing lawmakers to probe 8 firms over short-selling of $DJT shares. "It reminds me a lot of the battle between the short-sellers, many years ago, with https://t.co/1j2a9MSlKz." https://t.co/OqxK756nSH