Trump Media Shares Plummet Following Former President's Conviction in Hush Money Trial

Shares in Trump Media & Technology Group, the owner of social networking site Truth Social, are slumping after former President Donald Trump was convicted in his hush money trial.

The stock, which trades under the ticker symbol “DJT,” has been extremely volatile since its debut in late March.

It is part of the group of meme stocks that experience drastic swings from highs to lows as small-pocketed investors try to catch the right momentum.

The company has faced financial challenges as well, Trump Media reported a loss of more than $300 million in the last quarter.

All this adds up to a risky investment.

It will be interesting to see how these events unfold as Donald Trump's legal troubles intensify.

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