Donald Trump Jr.-backed GrabAGun's shares slipped 22% on Thursday, deepening their post-debut slide and highlighting the degree of investor scrutiny even newly listed companies with high-profile backers are being subjected to.

GrabAGun (PEW) went live on the New York Stock Exchange after completing its SPAC merger with Colombier Acquisition Corp. II that raised $179 million. Donald Trump Jr., who joined the board and owns a 1% stake in the online firearms retailer,

U.S. stocks are shaky on Wednesday after President Donald Trump said he had “talked about the concept of firing” the head of the Federal Reserve. Such a move could help Wall Street get the lower interest rates that it loves but would also risk a weakened Fed unable to make the unpopular moves needed to keep inflation under control.