Trump Media, which trades as DJT, has lost more than half its value since a New York jury convicted Trump on 34 felony counts of falsifying business records.
Trump Media stock fell more than 6%, compounding a weekslong slide for former President Donald Trump's tech and media company.
The stock has now lost more than half its value since a New York jury convicted Trump on 34 felony counts of falsifying business records.the Nasdaq as DJTTrump Media's stock price has whipsawed since its public debut as retail investors and short sellers bought and sold the company tied to the controversial presumptive Republican presidential nominee.
It is not clear if the conviction itself triggered that decline — though the company in SEC filings has acknowledged that,"An adverse outcome in one or more of the ongoing legal proceedings in which President Donald J. Trump is involved could negatively impact TMTG and its Truth Social platform."
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