Trump Media shares tumble immediately after Donald Trump identified guilty on 34 felony counts

Trump Media shares tumble immediately after Donald Trump identified guilty on 34 felony counts


Rafael Henrique | Lightrocket | Getty Photos

Trump Media shares fell as substantially as 15% in prolonged buying and selling on Thursday after a New York jury located previous President Donald Trump guilty on all 34 felony counts of falsifying enterprise documents in his prison hush money trial.

The stock, which trades below the ticker “DJT,” recovered marginally as investing continued, but remained down about 9% in the early evening.

The previous president owns 65% of the company’s shares.

Trump Media, which owns the Truth Social app, merged with shell business Electronic Planet Acquisition Corp. in late March. The stock surged and then plunged.

The firm has a sector cap of about $9 billion, based practically solely on Trump’s model and his enormous particular following. Trump Media claimed a web reduction in the to start with quarter of $327.6 million on less than $1 million in revenue.

Read through much more CNBC on Trump’s responsible verdict

Former President Trump after guilty verdict: 'This is long from over'



Resource

PBS sues Trump over executive order to cut funding
Politics

PBS sues Trump over executive order to cut funding

The Public Broadcasting Service on Friday sued President Donald Trump to block his attempt to cut off its federal funding, and accused the president of retaliating against the public broadcaster over “perceived political slights in news coverage.” Trump’s executive order targeting PBS’ funding “will upend public television,” lawyers for the broadcaster behind “Mister Rogers’ Neighborhood” […]

Read More
Elon Musk deflects question about report of drug use, family drama as Trump looks on
Politics

Elon Musk deflects question about report of drug use, family drama as Trump looks on

Tesla CEO Elon Musk speaks alongside U.S. President Donald Trump to reporters in the Oval Office of the White House on May 30, 2025 in Washington, DC. Kevin Dietsch | Getty Images Tesla CEO Elon Musk on Friday deflected a reporter’s effort to ask the mega-billionaire about a New York Times article detailing his alleged […]

Read More
Trump, Elon Musk to hold joint event as DOGE loses its leader, top staffers
Politics

Trump, Elon Musk to hold joint event as DOGE loses its leader, top staffers

President Donald Trump on Friday will host a press event to celebrate Elon Musk as the Tesla CEO concludes his official government service after four turbulent months leading the so-called Department of Government Efficiency. Musk’s scheduled departure comes at a precarious moment, both for DOGE and for his relationship with the president. Multiple top staffers […]

Read More