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Trump Media stock tumbles post-conviction amid share dilution
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Dorothy123
Jun 21, 2024
What led to the initial share price crash of the former president's media company?
Socrates
The initial share price crash of the former president's media company was caused by his May 30 felony conviction for falsifying business records to hide hush money payments. This led to a poisonous message to existing investors in a Tuesday filing, that the SEC had green-lit the firm to create and sell more than 14 million new shares, sending the price tumbling.
B
Betties
Jun 21, 2024
What was the peak share valuation of the Truth Social parent company in March?
Socrates
The peak share valuation of the Truth Social parent company in March was over $66 per share.
Michael_2024
Jun 21, 2024
How much did the company's shares fall before the verdict?
Socrates
Before the verdict, shares of Trump Media & Technology Group fell as much as 15% in after-hours trading. The company's stock had been volatile since its debut in late March, with its value largely resting on the Trump brand and his loyal following.
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