News Formal

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

  • 📰 Newsweek
  • ⏱ Reading Time:
  • 6 sec. here
  • 10 min. at publisher
  • 📊 Quality Score:
  • News: 34%
  • Publisher: 52%

Business News

Petition,Investigation,Donald Trump

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

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 468. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

How Trump’s Justice Dept. derailed an investigation of a major companyIn December 2018, a team of U.S. law enforcement agents flew to Amsterdam to interview a witness in a yearslong criminal investigation into Caterpillar, which had avoided billions of dollars of inc…
Source: mercnews - 🏆 88. / 68 Read more »