Stock of DJT drops following news of Trump’s conviction

In a shocking turn of events, former President Donald Trump has made history by becoming the first president in US history to be convicted of a felony. This unprecedented development has sent shockwaves through the political and business world, with shares of his media company, Trump Media and Technology Group (DJT), plummeting in reaction to the news.

Yahoo Finance’s Rick Newman delves into the details, offering valuable insights into how this conviction could impact Trump’s social media venture and his potential bid for reelection. The implications of this conviction are far-reaching, with many questioning the future of Trump’s political career and business ventures.

The video transcript reveals the market’s reaction to the news, with Trump Media and Technology Group’s stock trading lower in after-hours trading. The company’s fate is now intricately tied to Trump’s political future, making it a high-stakes gamble for investors.

As the dust settles on this historic day, the implications of Trump’s felony conviction are still being processed. With sentencing set for July 11th, the former president has vowed to fight the verdict, setting the stage for a potentially lengthy legal battle.

This groundbreaking development has left many wondering about the future of Trump’s political ambitions and business ventures. As the story continues to unfold, all eyes will be on how this conviction shapes the trajectory of one of the most controversial figures in modern American politics.