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META.US
id: 1135

Meta Platforms (META) $50 Billion Drop Driven By Trump's Remarks

On March 11, 2024, presidential nominee and ex-U.S. President Donald Trump told CNBC he fears that banning Chinese-owned social app TikTok would only serve to empower Facebook, which he labeled an “enemy of the people.

On these comments, $META fell 4.5% and lost over $50 billion of its market capitalization, seriously damaging millions of investors.

Considering the absence of legal grounds confirming Meta's Hostility towards People, the influencer's status, and his understanding of the consequences of such statements, investors in $META may have reason to suspect Trump of intentional stock price manipulation or criminal negligence.
Alleged Offence
Misleading Statements
Price manipulation
Malpractice
Negligence
Suspected Party
Influencer
Security Type
Stocks
Trade Direction
Long
Shock Event Date
11 March 2024
Collecting participants…

Meta Platforms Inc.

Meta Platforms, Inc. engages in the development of products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, and...

    Ticker
    META.US
    ISIN
    US30303M1027
    CIK
    1326801
    Sector
    Communication Services
    Industry
    Internet Content & Information
    Country
    USA
    Address
    1 Meta Way, Menlo Park, CA, United States, 94025