Step 1
Unite with Fellow Investors
Step 2
Choose the Best Attorney
Step 3
Provide Documents
Step 4
Follow Case Progress
Step 5
Get Payout
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.
Case Status
Attorney Investigation
Alleged Offence
Misleading Statements,
Price manipulation,
Malpractice,
Negligence
Suspected Party
Influencer
Security Type
Stocks
Trade Direction
Long
Shock Event Date
03/11/2024