Trump Media & Technology Group Shares Drop 40% After Conviction 🚨

Shares of Trump Media & Technology Group, backed by former President Donald Trump, fell nearly 10% on Tuesday, continuing to decline since May 30th, when Trump was convicted of fraud charges. The stock closed just above $30, down 40% from its price after Trump's conviction, on higher-than-average trading volume. Tuesday's sell-off coincided with a deadline for some investors to exercise stock warrants in the company. Truth Social has struggled to maintain users, with monthly visits down 39% compared to the previous year.