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Shares in Trump Media slump after former president convicted in hush money trial
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Former President Donald Trump returns to the courthouse moments before hearing that the jury had a verdict in his criminal trial at Manhattan Criminal Court, Thursday, May 30, 2024, in New York. - photo by Justin Lane/Pool Photo via AP
Shares of Trump Media & Technology Group, the owner of social networking site Truth Social, slumped Thursday after former President Donald Trump was convicted in his hush money trial. A New York jury found Trump guilty of falsifying business records in a scheme to illegally influence the 2016 election through hush money payments to a porn actor who said the two had sex. Trump Media's stock was down about 9% in after-hours trading Thursday as news of the verdict emerged.