Petition Calls for Investigation Into Possible Trump Social Media Co. Fraud After Stock Plunge

Thousands signed a petition demanding Trump be investigated for securities fraud after shares of his social media company spiked then plummeted in the first week.

Shares closed the first day 16% higher but then dropped 21% a week later after the company disclosed $58M losses in 2023.

The petition alleges critical info was withheld to keep the true state of the company out of the spotlight.

The petition calls for investigating whether fraud occurred with the stock crash.

Trump was recently found liable in NY for misleading insurers and lenders by inflating property values.