Reported 4 months ago
Shares of Trump Media & Technology Group dropped about 5% after former U.S. president Donald Trump was found guilty of falsifying documents to cover up a hush money payment to a porn star. Despite being among the top trends on Reddit's WallStreetBets, the volatile meme stock with no fundamentals experienced choppy trading. Trump's majority stake in TMTG, valued around $9.2 billion, is at risk due to his criminal conviction, although this verdict is considered the least consequential of the four he faces, with no impact on his ability to run for the presidency.
Source: YAHOO