Trump Media shares fall after Donald Trump's conviction: Here's how much money he lost

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The Truth Social parent, majority owned by Trump, was trading at $48.44 after the closing bell...

Shares of Trump Media & Technology Group dropped 6.5% late on Thursday after a New York jury convicted former President Donald Trump for falsifying documents to cover up a payment to silence a porn star ahead of the 2016 election.P)..

The presiding judge, Justice Juan Merchan, has set sentencing for July 11, which would be days before the July 15 start of the Republican National Convention expected to formally nominate Trump for president..

In Trump Media's initial public offering on March 26, Trump supporters and speculators snapped up the company's shares, sending them soaring as much as 59% in their Nasdaq debut..