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Trump Media Stock Down 50% Since Former President’s Conviction

Posted on AllSides June 21st, 2024
From The Left

Former President Donald J. Trump’s stake in his social media company is worth half of what it was before his conviction on charges of falsifying business records to cover up a sex scandal during the 2016 presidential campaign

Mr. Trump’s roughly 65 percent stake in Trump Media & Technology Group, the parent of Truth Social, was worth roughly $6 billion on May 30, the day a New York jury found him guilty on all 34 charges. On Friday, the value of his 115 million shares of Trump Media had dropped to...

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