Trump Media & Technology Group, the social media company founded by Donald Trump, experienced a significant drop in its stock value on Tuesday. This decline began after the former president was found guilty on all 34 felony counts in a hush money trial. Since May 30, the company’s stock, traded under the ticker symbol “DJT,” has plummeted by 39%.
Following the guilty verdict, Trump Media’s stock closed at $31.31 on Tuesday, marking a 10% decrease. Investors were cautioned by the company that it lacked the authority to prioritize Truth Social, its main platform, for posting content.
Investing in Trump Media has become a risky venture due to its volatile nature. The stock price has fluctuated drastically, reaching a high of $79.38 per share on March 26 and hitting a low of $22.84 on April 16.
With a market capitalization of $5.5 billion, Trump Media heavily relies on the Trump brand and his devoted following…
2024-06-18 15:28:47
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