Trump Media shares plunge after Donald Trump convicted in hush-money trial
Al Jazeera
Shares fall as much as 15 percent after former president is found guilty on all 34 counts.
Shares of Trump Media & Technology Group, Donald Trump’s social media company, have plunged following the former US president’s historic conviction in his hush-money trial.
The company’s stock, which trades under the ticker “DJT”, fell as much as 15 percent in extended trading on Thursday after Trump was found guilty on all 34 felony counts of falsifying business records.
Shares recovered during the session, but were still down about 9 percent in the early evening.
Trump Media’s stock has been marked by extreme volatility since its debut, drawing comparisons to meme stocks known for their wild price swings such as GameStop and AMC Entertainment Holdings.
The parent company of Truth Social made a rip-roaring debut in March, soaring as much as 59 percent on the first day of trading.
