Trump Media shares fell in extended trading after the company's largest shareholder, former President Donald Trump, was found guilty of all 34 felony counts in his New York criminal trial.
The stock slid as much as 15% after the verdict was read in the first criminal trial of a former U.S. president.shares fell as much as 15% in extended trading on Thursday after a New York jury found former President Donald TrumpThe stock, which trades under the ticker "DJT," recovered slightly as trading continued, but remained down about 9% in the early evening.Trump Media, which owns the Truth Social app, merged with shell company Digital World Acquisition Corp. in late March.
The company has a market cap of about $9 billion, based almost entirely on Trump's brand and his massive personal following. Trump Media reported a net loss in the first quarter of $327.6 million on less than $1 million in revenue.A way to play the global nuclear power renaissance from Morgan Stanley