Petition Demands Investigation into Trump's Social Media Company Amid Stock Volatility

📆 02/04/2024 04:58 p. m.
📰 Newsweek

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Thousands have signed a petition demanding that Donald Trump be investigated regarding securities fraud after shares of the former president's social media company spiked—then plummeted—within its first week of going public.

Thousands have signed a petition demanding an investigation into Donald Trump for securities fraud after shares of his social media company, Trump Media & Technology Group (TMTG), spiked and then plummeted within its first week of going public. The company's stock, under the ticker 'DJT,' closed 16 percent higher on its first day of trading after merging with Digital World Acquisition Corp.

However, a week later, after TMTG reported a loss of over $58 million in 2023, DJT shares dropped 21 percent

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