Internet reports that Truth Social's parent company Trump Media & Technology Group accused UK-based Qube of possibly shorting DJT shares without correctly disclosing its positions. In an open letter to Mark Uyeda, acting chairman of the U.S. Securities and Exchange Commission, Trump Media & Technology Group accused British company Qube of possible involvement in "illegal short selling of DJT shares." TMTG alleges Qube disclosed a short position of 6 million shares worth $105 million in Germany on April 10, but failed to notify regulators in its jurisdiction of the position. Trump Media also quoted third-party sources as saying that Qube's position has almost doubled since then to 11 million shares. "We urge you to immediately investigate this suspicious transaction and report the results of your investigation to TMTG and any relevant civil and criminal authorities," TMTG said in the letter. According to TMTG's financial disclosure, the company had revenue of less than $4 million last year and an operating loss of $400 million. TMTG shares closed at US$22.04 on the day, down 35% from the beginning of the year.