Trump’s Truth Social stock takes turbulent swings after verdict

The stock price of former President Donald Trump’s social media platform Truth Social made turbulent swings in the aftermath of his conviction in a New York court on Thursday.

In the immediate aftermath of the verdict, the stock price of Truth Social plummeted roughly 15% to a price of about $47. The stock recovered in after-hours trading, however, rallying above its pre-verdict level to about $52.

Cordell Eminent Scholar Jay Ritter shares his insights with ABC News and USA Today.