_trump-media-amp-technology-group39s-stock-plummets-40-since-conviction.jpg "Trump Media & Technology Group's Stock Plummets 40% Since Conviction. from line media Video Screenshot Preview")
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✓ Published: 21-Jun-2024
👁 View: 760K times
✓ Published: 21-Jun-2024
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Shares of Trump Media & Technology Group, backed by former President Donald Trump, fell nearly 10% on Tuesday, continuing to decline since May 30th, when Trump was convicted of fraud charges. The stock closed just above $30, down 40% from its price after Trump's conviction, on higher-than-average trading volume. Tuesday's sell-off coincided with a deadline for some investors to exercise stock warrants in the company. Truth Social has struggled to maintain users, with monthly visits down 39% compared to the previous year.
Shares of Trump Media & Technology Group, backed by former President Donald Trump, fell nearly 10% on Tuesday, continuing to decline since May 30th, when Trump was convicted of fraud charges. The stock closed just above $30, down 40% from its price after Trump's conviction, on higher-than-average trading volume. Tuesday's sell-off coincided with a deadline for some investors to exercise stock warrants in the company. Truth Social has struggled to maintain users, with monthly visits down 39% compared to the previous year.
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