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Trump Media Stock
According to Thursday’s verdict, Trump is guilty of 34 counts of tampering with records before the 2016 presidential election.
The defense noted that Trump’s former lawyer, Michael Cohen, and his key witness, Stormy Daniels, could turn out that Trump intentionally falsified his business records.
Also read: Elon Musk in the White House? Tesla CEO Could Get Advisory Position for Donald Trump: Report
However, Trump may run for president of the United States.
Before Donald Trump was convicted, wealthy Wall Street figures were piling up at the Pierre Hotel, which seemed like a huge endorsement for him despite potential criminal convictions.
The compilation highlighted the pragmatic strategy of U. S. finance, where many in the private sector, including longtime supporters and recent backers, are in a position to back Trump for the White House, Bloomberg reports.
This comes from Trump’s promises to cut taxes and regulations, which contrast with President Joe Biden’s policies.
Key figures such as Stephen Schwarzman and Bill Ackman have also signaled their support for Trump, pointing to the currency sector’s conversion dynamics and priorities in the run-up to the upcoming election, Bloomberg writes.
In May, Trump Media reported a first-quarter profit of $0. 77 million, below analysts’ estimates of $1. 12 million. The company posted an EPS loss of $3. 61. Trump Media reported a net loss of about $328 million. The company has shared its progress in TV streaming through its content network.
Meanwhile, recent reports indicated that Trump Media owned the social network Truth Social. Daily visits to the U. S. were down more than 21% in May compared to April and more than 35% in March.
Trump Media shares have risen more than 302% in the past year.
Price Action: DJT shares are trading down 1. 72% at $50. 95 in premarket trading at last on Friday.
Also Read: Trump Will Be World’s Richest Person, Says Peter Schiff, If MAGA Investors Take Newly Listed DJT Shares To $2,000
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