Trading in Trump Media, owner of Truth Social, was halted briefly on Tuesday after the stock suddenly plunged.
Trump Media & Technology Group, whose stock trades under the ticker DJT — the same as former President Donald Trump's initials — was briefly halted on Wall Street Tuesday after the stock suddenly plunged. The pause occurred at 2:42 p.m. Eastern Time, with trading resuming about five minutes later, according to the New York Stock Exchange. Trading was temporarily suspended after a mechanism was triggered when stocks exhibit unusual volatility.
The Trump family's new cryptocurrency platform, World Liberty Financial, suffered outages for much of the day, limiting the number of sales, the media outlet report.It's unclear if that could cause DJT's stock to falter, given that Trump Media's shareholders largely consist of small investors who are also Trump supporters, rather than investors who are seeking profits, dividends or other traditional measures of financial health.
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