Trump Media shares were down 9% at $47.20 in premarket trading on Friday.
The stock, which trades under the ticket symbol “DJT,” has been extraordinarily volatile since its debut in late March.
It took a guilty verdict to finally make the bottom drop out of Donald Trump's social-media company's stock.
Former President Donald Trump, who was found guilty Thursday on 34 felony counts for falsifying records in his New York empire, also is set become a much less rich man Thursday, as shares of the social media company that constitute a majority of his net worth tanked after the jury delivered its verdict.
Trump Media shares fell in extended trading after the company's largest shareholder, former President Donald Trump, was found guilty of all 34 felony counts in his New York criminal trial. The stock slid as much as 15% after the verdict was read in the first criminal trial of a former U.S. president.
Former U.S. President Donald Trump is awaiting the verdict in a criminal trial in New York.
Shares of Trump Media and Technology Group closed higher Wednesday as the jury began deliberations in the criminal hush money trial of the former president.
Former President Donald Trump told reporters after jurors began deliberating in his criminal hush-money trial that the charges were rigged and again accused the judge of being conflicted.
So far, 2024 has turned out to be a pretty good year for Donald Trump. But all that may soon come to an end in a New York courtroom.
Social media stocks to sell aren't just a passing thought anymore. Over the past few years, we've seen how social media has played second-fiddle to other cutting-edge technologies in the investing world.
Trump Media & Technology Group (NASDAQ: DJT ), typically shortened to Trump Media, is a target of controversy and constant debate. Trump Media stock is sometimes labeled as a meme stock because of the attention former President Donald Trump receives.
The CNBC article (May 24), "Truth Social struggles to grow its U.S. user base, new data on Trump Media app shows," explains well the factual concerns about Truth Social. Truth Social is the key driver of Trump Media's financial status, so the serious issues outlined by CNBC represent serious risks to Trump Media shareholders.