HomeFinance NewsTrump Media stock drops due to planned issuance of additional DJT shares.

Trump Media stock drops due to planned issuance of additional DJT shares.

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Shares of Trump Media plummeted by over 17% in premarket trading following the company’s announcement of issuing millions of additional shares of stock. The significant drop in stock value coincided with former President Donald Trump’s appearance in a Manhattan court for jury selection in his criminal trial related to hush money charges, as Trump holds the majority stake in the company.

Trump Media, known for creating the Truth Social app and trading under the ticker symbol DJT on the Nasdaq exchange, experienced a nearly 20% decline in share prices the previous week. The company’s uncertain future, coupled with the legal troubles faced by its primary stakeholder, has led to a volatile stock market reaction. Investors are closely monitoring the developments surrounding Trump Media and Donald Trump’s ongoing legal proceedings as they await further updates on the situation. This situation highlights the intertwined nature of politics, business, and legal matters in shaping the trajectory of a company such as Trump Media amidst challenging circumstances.

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