Trump media shares gain as it suggests 'potential market manipulation'

FILE PHOTO: The Truth social network logo is seen displayed behind a woman holding a smartphone in this picture illustration taken February 21, 2022. REUTERS/Dado Ruvic/Illustration/File Photo

(Reuters) -Shares of Donald Trump's media and technology company rose over 3% on Friday after it asked the Nasdaq exchange to help prevent alleged market manipulation in its shares by so-called "naked" short sellers.

Trump Media & Technology Group wrote to Nasdaq CEO Adena Friedman alerting the exchange to "potential market manipulation" in the stock, it disclosed in a Friday filing with the Securities and Exchange Commission.