Reported 4 months ago
Shares of Trump Media & Technology Group plunged as former President Donald Trump was convicted in a hush money trial, causing a 9% drop in after-hours trading and a subsequent 5% decline. The stock, known by the ticker symbol “DJT,” has been notably volatile since its debut in late March, with ups and downs common as small investors try to capitalize. Trump Media reported a loss of over $300 million in the last quarter, citing non-cash expenses related to its merger and dismissing an auditor charged with fraud. Trump's conviction stemmed from a scheme to hide potentially damaging stories during the 2016 election campaign, and in news of the verdict, meme stocks like AMC Entertainment and GameStop also fell early Friday.
Source: YAHOO