Reported 8 months ago
Shares of Trump Media & Technology Group, trading under the ticker symbol DJT, have plummeted by 39% since former President Donald Trump's guilty verdict in his hush money trial. The stock closed down 10% at $31.31 on Tuesday, with volatility being a defining feature of the stock. Trump Media's market cap of $5.5 billion largely relies on the Trump brand and his supportive following. The company faces uncertainty amid disagreements over its flagship platform Truth Social and challenges in competing with established social media giants like Facebook and TikTok.
Source: YAHOO