Trump Media shares volatile after historic conviction

Shares of Trump Media and Technology Group, the parent of former President Trump's Truth Social, bounced between gains and losses in early trading on Friday after a jury found the former president guilty on all 34 counts in a criminal hush money trial. Trump Media shares are up more than 7% this week. Broader stocks were marginally higher. Manhattan District Attorney Alvin Bragg charged Trump with falsifying business records in the first degree.

This is not the first time Nunes has alleged market manipulation of Trump Media stock. In April, Nunes asked Nasdaq CEO Adena Friedman to investigate similar alleged trading patterns. Shares of Trump Media have advanced more than 180% this year despite losing money. Earlier this month, the company reported a first-quarter operating loss of more than $12 million and revenue of $770,500.

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