Shares in Trump Media slump after former president convicted in hush money trial
By MICHELLE CHAPMAN
AP Business Writer
Shares of Trump Media & Technology Group, the owner of social networking site Truth Social, are slumping before the opening bell 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. Shares fell 9% immediately Thursday in after-hours trading as news of the verdict emerged, and they’re down 5% early Friday.
