Just days after it went public, and its stock price placed its value in the billions, Donald Trump's "Truth Social" crashed back to Earth, with that same stock dropping like a rock.
Why? Because the $50 million profit it said it made in 2022 had turned into a loss of $58 million in 2023 -- with only $4 million in total revenue.
In short, it was a disastrous performance -- but the numbers weren't revealed until after the stock went public, meaning those buying the stock were left in the dark until it was too late -- and their investments had collapsed in value.
Add your name, and demand and that Trump be investigated for securities fraud.
Maybe this is all legit, and maybe it was simply a case of the most dazzlingly fortunate timing one could hope for. Or maybe critical information was withheld in order to keep the true state of the company out of the spotlight.
No doubt, anyone foolish enough to buy into Trump's promises was probably someone who would lose their money on some idiotic venture soon enough. But fraud is fraud, and there are laws, and Donald Trump is not above them.
Add your name: Investigate whether Trump should be charged with securities fraud for the Truth Social stock crash
