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Donald Trump Loses $314 Million as Truth Social Stock Plunges
Shares of Trump Media & Technology Group Corp. (TMTG), trading under the moniker "DJT, plunged on Friday, a day after the company's majority shareholder former president Donald Trump was found guilty of falsifying business records.
The company's share price declined 5.30 percent by close of trading on Friday which amounted to a $314 million loss in value for Trump's shares.
Some analysts suggested that the conviction may have impacted the performance of TMTG's shares on Friday....
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