The flailing Trump Media is part of the Russell 3000 index. These states want to know why.

Core Viewpoint - U.S. officials are questioning the inclusion of Trump Media & Technology Group (TMTG) in the Russell 3000 index due to its poor performance and financial instability [1][3][4] Group 1: Company Performance - TMTG, which operates the social media platform Truth, has seen its shares decline by 38% year to date, currently trading at approximately $17.50 [1] - The company reported a net loss of $400.9 million for the last fiscal year and a loss of $20 million in the most recent quarter [1] Group 2: Index Inclusion Concerns - The letter from fiscal leaders expresses concern over TMTG's inclusion in the Russell 3000, highlighting issues such as the company's negligible revenues and associated risks [3][5] - The Russell 3000 is a significant benchmark in U.S. capital markets, tracking the performance of the 3,000 largest publicly traded companies, with around $10.6 trillion in assets [2][4] Group 3: Request for Clarification - Officials have requested FTSE Russell to explain the rationale behind TMTG's inclusion and to provide an assessment of how the company’s risks are accounted for [5] - They also seek details on any safeguards in place to ensure that future index selections reflect sound market fundamentals [5]