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Trump Media shares settle after selloff following former president’s conviction | CNN Business

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Matt Egan
Matt Egan
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New York CNN  — 

A criminal conviction isn’t typically a market-moving event. But the historic conviction of former President Donald Trump is causing extreme turbulence for Truth Social owner Trump Media & Technology Group.

Trump Media – a notoriously volatile stock since debuting in late March – has swung between steep losses and sharp gains since a Manhattan jury found the former president guilty on Thursday.

The Truth Social owner initially plummeted as much as 15% Thursday evening as the world reacted to the conviction. The stock battled back and opened Friday 4% higher before those

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