Shares Fall By 15 Following Guilty Verdict

Trump Media's Stock Plunges Amid Felony Convictions

Shares Fall by 15% Following Guilty Verdict

Shares of Trump Media Technology Group (TMTG) took a significant hit on Thursday after former President Donald Trump was found guilty on all 34 felony counts. The company's stock plummeted by as much as 15%, reflecting investor concerns following the guilty verdict.

Truth Social's Declining Revenue

The news of Trump's conviction also cast a shadow on the company's social media platform, Truth Social. The platform, which has been struggling to gain traction since its launch, reported a meager $770,000 in advertising revenue on Monday. This figure fell far short of expectations and raised doubts about the platform's long-term viability.

Conclusion

The guilty verdict against Donald Trump and the declining financial performance of TMTG have raised serious questions about the company's future. Investors are likely to remain cautious until there is more clarity on the implications of these setbacks. The outcome will likely have a lasting impact on the company's ability to attract users and generate revenue.