Trump's Truth Social stock drops by 9% - tanking former president's net worth by $530 million after being found guilty in hush money trial
Shares 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. A New York jury found Trump guilty of falsifying business records in a scheme to illegally influence the 2016 election through hush money payments to a porn actor who said the two had sex. Trump Media's stock dropped nearly 9 percent in after-hours trading Thursday as news of the verdict emerged.
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