A group of U.S. officials want to know why London’s FTSE Russell, a top financial services firm, chose to include the underperforming Trump Media & Technology Group (TMTG) in one of its most high-profile indexes.
Their concern stems, in part, from the fact that analysts generally do not view TMTG, which owns the president’s social media platform Truth, as particularly stable. Trading under the symbol DJT, shares are down 38% year to date and currently trade at about $17.50. Last fiscal year, the company reported a net loss of $400.9 million And in the most recent quarter, it reported a loss of $20 million.
The Russell 3000 tracks the performance of the 3,000-largest publicly traded companies in the United States. While investors can’t buy the index directly, several ETFs or index funds i