Anti-Trump supporters are seen celebrating after Donald Trump's guilty verdict is decided.
Trump Media's stock dropped nearly 9 percent in after-hours trading Thursday. He owns 65 percent of the company and stands to lose $532 million. FollowShares of Trump Media & Technology Group, the owner of social networking site Truth Social, plummeted Thursday after former President Donald Trump was convicted in his hush money trial.
The stock, which trades under the ticket symbol 'DJT,' has been extraordinarily volatile since its debut in late March, joining the group of meme stocks that are prone to ricochet from highs to lows as small-pocketed investors attempt to catch an upward momentum swing at the right time. It was trading at $48.44 after the closing bell. It had closed at $51.12 during regular hours on Thursday, which gave it a valuation of $9 billion.
A majority of Trump’s fortune stems from his $5.9 billion stake in Trump Media - which looks to lose $5.4 billion at the after hours share price. Prosecutors told of a plot by Trump to 'corrupt' the 2016 election by hiding a $130,000 hush money payment by his 'fixer' Michael Cohen to porn star Stormy Daniels.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Donald Trump Accused Of 'Echoing Nazi Germany' With Truth Social VideoSpanish/English journalist. Based between Bristol, UK, and Alicante, Spain. Street art photos via leemoran on Instagram. General Twitter lee_moran. Facebook leemoranjournalist.
Weiterlesen »
Trump Media and Technology Group Posts Over $300M Net Loss in First Public QuarterTrump Media and Technology Group is the owner of former President Donald Trump's social networking site Truth Social.
Weiterlesen »
The truth behind Donald Trump’s Miami GP visit in a tale of unfortunate eventsDonald Trump's decision to visit the Miami Grand Prix ended up putting F1 and McLaren in an awkward position...
Weiterlesen »
Local TV Journalist Points Out Uncomfortable Truth For Donald Trump Right To His FaceSpanish/English journalist. Based between Bristol, UK, and Alicante, Spain. Street art photos via leemoran on Instagram. General Twitter lee_moran. Facebook leemoranjournalist.
Weiterlesen »
Donald Trump’s Hush-Money Trial Is a Referendum on TruthBarbara McQuade explores how the rule of law will be tested as the jury begins to decide Trump’s criminal trial.
Weiterlesen »
Social media-related nightmares: Study explores links between social media use, mental health and sleep qualityThe more time you spend on social media, the greater the likelihood of having unpleasant social-media related dreams that cause distress, sleep disruption and impact our peace of mind.
Weiterlesen »