Trump Media & Technology Group's Stock Plummets 40% Since Conviction. from technology in youth education Watch Video
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⏲ Duration: 0:39 👁 View: 215K times ✓ Published: 21-Jun-2024
Description: Shares of Trump Media & Technology Group, backed by former President Donald Trump, fell nearly 10% on Tuesday, continuing to decline since May 30th, when Trump was convicted of fraud charges. The stock closed just above $30, down 40% from its price after Trump's conviction, on higher-than-average trading volume. Tuesday's sell-off coincided with a deadline for some investors to exercise stock warrants in the company. Truth Social has struggled to maintain users, with monthly visits down 39% compared to the previous year.