{"id":2256101,"date":"2024-05-30T18:39:02","date_gmt":"2024-05-30T22:39:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/truth-social-stock-drops-after-trump-guilty-verdict\/"},"modified":"2024-05-30T18:40:10","modified_gmt":"2024-05-30T22:40:10","slug":"truth-social-stock-drops-after-trump-guilty-verdict","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/truth-social-stock-drops-after-trump-guilty-verdict\/","title":{"rendered":"Truth Social&#8217;s stock plunges following Trump&#8217;s conviction"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">14<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Ftruth-social-stock-drops-after-trump-guilty-verdict%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2256101&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>Trump Media &#038;\u2063 Technology Group&#8217;s stock took a significant hit, dropping nearly 9% following former \u200dPresident Donald\u200b Trump&#8217;s guilty verdict in his Manhattan hush-money trial. As the majority shareholder of TMTG, \u200bTrump&#8217;s <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/by-exposing-hamilton-68-the-twitter-files-proved-the-deep-state-is-a-weapon-aimed-directly-at-you\/\" title=\"By Exposing Hamilton 68, The \u2018Twitter Files\u2019 Proved The Deep State Is A Weapon Aimed Directly At You\">preferred social media platform<\/a>, \u2062Truth Social, was impacted. \u200dThis decline may affect Trump&#8217;s net worth \u200ddue to his substantial investment in\u2063 the company. The stock closed at $51.84 before falling in after-hours trading in \u2062response to the verdict. Trump faces\u2063 sentencing in July after being found guilty\u200d on 34 counts\u2062 of <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/are-the-charges-brought-against-the-trump-organizations-cfo-part-of-a-witch-hunt-experts-weigh-in\/\" title=\"Are The Charges Brought Against The Trump Organization\u2019s CFO Part Of A Witch Hunt? Experts Weigh In\">falsifying business records<\/a>. For more details, visit The Washington Examiner.  <\/p>\n<p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><\/p>\n<div data-td-block-uid=\"tdi_77\">\n<p>Trump Media &#038; Technology Group\u2019s <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/software-company-spends-500-million-on-bitcoin\/\" title=\"Software Company Spends 0 Million On Bitcoin\">stock price dropped<\/a> almost 9% in the aftermath of majority shareholder and former President Donald Trump\u2019s guilty verdict in his Manhattan hush-money trial.<\/p>\n<p>TMTG owns Truth Social, Trump\u2019s preferred social media platform. The stock\u2019s drop will influence Trump\u2019s <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/colin-kaepernick-jumps-aboard-spac-craze-looking-to-raise-287-million-for-social-justice-company\/\" title=\"Colin Kaepernick Jumps Aboard SPAC Craze, Looking To Raise 7 Million For \u2018Social Justice\u2019 Company\">net-worth<\/a> given his large investment into the company.<\/p>\n<p><a href=\"https:\/\/www.washingtonexaminer.com\/\"><strong>CLICK HERE TO READ MORE FROM THE WASHINGTON EXAMINER<\/strong><\/a><\/p>\n<p>The stock <a href=\"https:\/\/www.cnn.com\/markets\/stocks\/DJT\" target=\"_blank\" rel=\"noopener\" title>closed<\/a> at $51.84 Thursday before dropping in after-hours trading in a clear reaction to Trump being found guilty by a Manhattan jury.<\/p>\n<p>The stock had been steadily rising since May 23, and it reached its lowest levels since May 28. TMTG stock has often been volatile for traders, and reached highs of about $66 in March before plummeting to a low of about $23 in mid-April.<\/p>\n<p>Trump was found guilty of 34 counts of falsifying business records and will <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/judge-delays-sentencing-after-twist-in-mollie-tibbetts-case\/\" title=\"Judge delays sentencing after twist in Mollie Tibbetts case\">face sentencing<\/a> in July.<\/p>\n<\/p><\/div>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In the wake of former President Donald Trump&#8217;s guilty verdict, Trump Media &amp; Technology Group&#8217;s stock fell nearly 9%. As the majority shareholder of TMTG, Trump&#8217;s preferred social media platform, Truth Social, took a hit. This decline may impact Trump&#8217;s wealth, considering his significant investment in the company. Click here for more details<\/p>\n","protected":false},"author":1,"featured_media":2256102,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2024\/05\/AP24086539625180.jpg.optimal.jpg","fifu_image_alt":"","footnotes":""},"categories":[538],"tags":[],"class_list":["post-2256101","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-washington-examiner"],"fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2024\/05\/AP24086539625180.jpg.optimal.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2256101","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2256101"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2256101\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2256102"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2256101"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2256101"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2256101"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}