Tech Daily Report

Hundreds of millions wiped from Trump fortune in wake of conviction

  • 📰 GuardianAus
  • ⏱ Reading Time:
  • 9 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 98%

Technology Technology Headlines News

Technology Technology Latest News,Technology Technology Headlines

Trump Media & Technology Group’s stock finishes day down 5.3% on Wall Street, as ex-president’s stake falls from $6bn to $5.6bn

Trump Media & Technology Group’s stock finishes day down 5.3% on Wall Street, as ex-president’s stake falls from $6bn to $5.6bnDonald Trump’s paper fortune dropped by hundreds of millions of dollars on Friday as shares in his media firm came under pressure in the wake of his conviction in his New York hush-money trial.

But shares in Trump Media are prone to volatile gyrations, and Trump is unable to start offloading his stake until September, due to a lock-up agreement.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in TECHNOLOGY

Technology Technology Latest News, Technology Technology Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Trump Media's accounting firm charged with 'massive fraud'BF Borgers, Trump Media & Technology Group&x27;s independent accounting firm, was charged by the Securities and Exchange Commission with widespread fraud impacting more than 1500 filings.
Source: 9NewsAUS - 🏆 10. / 72 Read more »

Donald Trump's media company lost $490 million in three monthsTrump Media and Technology Group is the owner of the ex-president&x27;s social networking site Truth Social.
Source: 9NewsAUS - 🏆 10. / 72 Read more »