The stock's negative performance came a day after the former president was found guilty.
Shares of Trump Media & Technology Group Corp. , trading under the moniker 'DJT, plunged on Friday, a day after the company's majority shareholder former president Donald Trump was found guilty of falsifying business records.The company's share price declined 5.30 percent by close of trading on Friday which amounted to a $314 million loss in value for Trump's shares.Some analysts suggested that the conviction may have impacted the performance of TMTG's shares on Friday.
The former president has a close to a 65 percent stake in TMTG, an ownership that grew recently after the company offered him 36 million additional shares earlier this month that brought his total stock in the company to 114.75 million shares, according to filings from the firm to the Securities and Exchange Commission.
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