Shares of Trump Media & Technology Group whipsawed after former President Donald J. Trump, the company’s largest investor and primary user of its Truth Social platform, was found guilty of 34 felony counts of falsifying business records to cover up a sex scandal.
Trump Media’s stock began falling immediately after the verdict in Mr. Trump’s trial in Manhattan was announced on Thursday, which came after the stock market had closed. Shares sank by as much as 14 percent at one point before steadily recovering to trade up by 5 percent in premarket trading on Friday.
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