_trump-media-shares-plummet-15-after-trump39s-guilty-verdict.jpg "Trump Media Shares Plummet 15% After Trump's Guilty Verdict from hi construction corp Video Screenshot Preview")
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✓ Published: 01-Jun-2024
👁 View: 440K times
✓ Published: 01-Jun-2024
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Shares of Trump Media dropped 15% in extended trading following Former President Donald Trump's guilty verdict in New York. Trump owns 65% of shares in Trump Media, the company that owns the Truth Social app. Trump Media merged with shell company Digital World Acquisition Corp in March, sending its stock surging initially. The company has a market cap of around $9 billion, based largely on Trump's personal brand and following. In its first quarter, Trump Media reported a net loss of more than $320 million on less than $1 million in revenue.
Shares of Trump Media dropped 15% in extended trading following Former President Donald Trump's guilty verdict in New York. Trump owns 65% of shares in Trump Media, the company that owns the Truth Social app. Trump Media merged with shell company Digital World Acquisition Corp in March, sending its stock surging initially. The company has a market cap of around $9 billion, based largely on Trump's personal brand and following. In its first quarter, Trump Media reported a net loss of more than $320 million on less than $1 million in revenue.
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