A petition calling on former President Donald Trump to face a new fraud investigation passed a milestone on Wednesday. The progressive organization Left Action released a petition demanding the investigation related to securities fraud after shares of Trump's social media platform Truth Social plummeted in its first week of going public after it was revealed the company reported about $50 million in losses, with only about $3 million in profits in 2023.
A petition calling for a new fraud investigation into former President Donald Trump has reached a milestone. Left Action, a progressive organization, released the petition after Trump's social media platform, Truth Social , experienced a significant drop in its stock value . The platform reported $50 million in losses and only $3 million in profits in 2023. Initially, shares of Trump Media & Technology Group ( TMTG ) rose by 16 percent after its merger with Digital World Acquisition Corp. ( DWAC ).
However, one week later, TMTG disclosed its losses, causing the stock price to drop by 21 percent
Petition Fraud Investigation Donald Trump Securities Fraud Truth Social Stock Value Losses Profits TMTG DWAC
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