Trump Media shares have lost about 40% of their value in the three weeks since a New York jury found Trump guilty of 34 felony counts.
Shares of Trump Media & Technology Group fell 9.8% on Tuesday, accelerating the stock's steady slide in recent weeks.
Tuesday's sell-off coincided with a June 18 deadline that could permit some of the company's investors to exercise stock warrants.Shares of Trump Media, which trades under the ticker "DJT," are down about 40% since May 30, when a New York juryTuesday's sell-off coincided with a June 18 deadline that could see some of the company's investors exercise stock warrants.
But the registration statement noted that holders of Trump Media warrants could exercise them on a "cashless basis" starting Tuesday, and until the registration statement becomes effective. "If TMTG disagrees with President Donald J. Trump about the scope of his obligation to use, or first post on, Truth Social, TMTG lacks any meaningful remedy with respect to such disagreement," the
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