Trump Media CEO says he’ll do ‘whatever it takes’ to defend DJT investors from short sellers

• Trump Media CEO Devin Nunes said he would "do whatever it takes" to defend the company's retail investors from possible illegal short selling of its shares.
• Nunes also called out President Joe Biden for mentioning Trump Media's stock price in a speech earlier in the week.
• Trump Media's stock has plummeted starkly from its peak, which Nunes has theorized is at least partially attributable to possible market manipulation.

Trump Media CEO Devin Nunes on Friday said he would "do whatever it takes" to defend the company's retail investors from possible illegal short selling of its shares.

"If we have to go to the Congress or if we have to take legal action, we will do whatever it takes to defend our retail investors," Nunes said in an interview with right-wing media outlet Newsmax.

Nunes also called out President Joe Biden for mentioning Trump Media's stock price in a speech earlier this week.

"Isn't that weird?" Nunes said.

Delivering remarks in Scranton, Pennsylvania, on Tuesday, Biden took a dig at Donald Trump, his November Republican election opponent, as shares of Trump Media tanked from its more than $70 debut price.

"If Trump's stock in the Truth Social — his — his company — drops any lower, he might do better under my tax plan than his," Biden said.

Trump Media's stock, trading under the ticker DJT, rallied toward the end of this week, but has plummeted starkly from its peak. That leaves Trump, the company's largest shareholder, with less value on paper for his 60% stake.

Nunes' Newsmax comments doubled down on his earlier theory that DJT's stock decline is at least partially attributable to alleged illegal market manipulation.

Earlier on Friday, Nunes warned the Nasdaq CEO that the fall of Trump Media's stock price