DJT Stock Drops 5% After Trump Found Guilty on All 34 Charges

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DJT Stock Drops 5% After Trump Found Guilty on All 34 Charges

Tiger Newspress05-31

Trump Media & Technology Group stock fell 4.8% in morning trading Friday after the jury in Donald Trump’s trial delivered a guilty verdict on all 34 felony charges.

Trump was convicted of falsifying New York business records in a hush-money case, attempting to influence the 2016 presidential election by paying off adult film actress Stormy Daniels, who alleged she had an affair with Trump.

The 12-person jury convicted the former president after deliberating for two days. Trump has denied the affair and said he is being prosecuted for political reasons.

Trump’s nearly 115 million shares in Trump Media were valued at around $5.6 billion based on the stock’s $48 price. Trump Media’s revenue in 2023 was $4.1 million, and the company posted a net loss of $58.2 million.

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zetora420
·05-31
Good news for America and the world !
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