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DJT shares tumble 13% as Trump Media stock sell-off accelerates

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Trump Media shares are down about 40% since a New York jury found Trump guilty of 34 felony counts of falsifying business records on May 30.

Shares of Trump Media & Technology Group tumbled more than 13% on Tuesday, accelerating the stock's steady slide in recent weeks.

Tuesday's sell-off coincides with a June 18 deadline that could permit some of the company's investors to exercise stock warrants.Trump Media shares, which trade under the ticker"DJT," are down about 40% since May 30, when a New York juryto the Securities and Exchange Commission on April 15, Trump Media disclosed its plans to offer nearly 21.5 million shares of common stock issuable"upon the exercise of warrants.

The company on Tuesday also amended its registration statement to warn investors that there is little the company can do to stop former President Donald Trump from using other social media platforms, beyond the company's signature Truth Social network."If TMTG disagrees with President Donald J.

 

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