Shares of Trump Media & Technology Group displayed extreme volatility, closing lower after Donald Trump's conviction in a hush money trial related to the 2016 election. The stock, under the ticker symbol DJT, tripled this year but experienced substantial swings, with a peak near $80 in March.
Before going public, Trump Media warned investors about the potential risks associated with the legal challenges faced by former President Donald Trump, stating that adverse outcomes in ongoing proceedings could harm the company and its Truth Social platform. The company reported a significant loss of over $300 million in the last quarter.
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